Rick Rieder, Federal Reserve Chairman Candidate, Engages with Trump Team
BlackRock Global Allocation Team Head Rick Rieder predicts the Fed’s next moves on interest rates on ‘The Claman Countdown.’
Exclusive: In a recent interview, BlackRock executive Rick Rieder addressed several pivotal issues, including the profitability of the Federal Reserve, according to senior administration sources who spoke with FOX Business.
During the Oval Office meeting, Rieder, who serves as the chief investment officer of global fixed income at BlackRock, discussed the significance of maintaining monetary policy stability and the dynamics surrounding U.S. debt. The meeting included notable figures such as President Donald Trump, Vice President JD Vance, Treasury Secretary Scott Bessent, Chief of Staff Susie Wiles, and Deputy Chief of Staff Dan Scavino.
Rick Rieder, chief investment officer of fixed income for BlackRock Inc., interviewed for the job of Federal Reserve chairman. (Christopher Goodney/Bloomberg via Getty Images)
POWELL DECLINES TO WEIGH IN ON POTENTIAL SUCCESSORS AS TRUMP EYES NEXT FED CHAIR
Interestingly, Rieder is the only candidate on the final list without prior Federal Reserve or government experience, a factor that some in the room viewed positively, according to sources.
Alongside Rieder, other finalists include former Federal Reserve Board Governor Kevin Warsh, National Economic Council Director Kevin Hassett, and Federal Reserve Board Governor Christopher Waller.
Kevin Warsh, a former governor of the Federal Reserve.
The interview with Rieder marks the final step before the president makes his decision. Fed Chairman Jerome Powell’s term is set to expire on May 15. He was nominated by Trump in 2017 and confirmed in 2018.
FROM MORTGAGES TO CAR LOANS: HOW AFFORDABILITY RISES AND FALLS WITH THE FED
The selection process was spearheaded by Treasury Secretary Scott Bessent, who began with a list of ten candidates from diverse backgrounds, narrowing it down to the final contenders. Trump took the time to familiarize himself with each candidate on the shortlist.
US Treasury Secretary Scott Bessent visits “FOX & Friends” at Fox News Channel Studios on November 12, 2025 in New York City. (John Lamparski/Getty Images)
The president is expected to announce his decision by the end of January. If he selects someone not currently serving on the Federal Reserve Board of Governors, that individual will need to fill an open seat.
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Fed Governor Stephen Miran’s term is set to expire on January 31, providing the president with an opportunity to make a selection. Miran was sworn in last September, filling the seat left vacant by Adriana Kugler’s resignation, and has frequently advocated for more aggressive interest rate cuts.
Stephen Miran, chairman of the Council of Economic Advisers, following a television interview outside the White House in Washington, D.C., on Tuesday, June 17, 2025. (Getty Images)
“I think policy is clearly restrictive and holding the economy back,” Miran said during an interview on FOX Business’ “Mornings with Maria” last week. “I think that well over 100 basis points of cuts are going to be justified this year,” he added.
If Trump opts for Waller, the president could appoint another individual when the seat opens up.
BlackRock Global Allocation Team Head Rick Rieder predicts the Fed’s next moves on interest rates on ‘The Claman Countdown.’
Exclusive: In a recent interview, BlackRock executive Rick Rieder addressed several pivotal issues, including the profitability of the Federal Reserve, according to senior administration sources who spoke with FOX Business.
During the Oval Office meeting, Rieder, who serves as the chief investment officer of global fixed income at BlackRock, discussed the significance of maintaining monetary policy stability and the dynamics surrounding U.S. debt. The meeting included notable figures such as President Donald Trump, Vice President JD Vance, Treasury Secretary Scott Bessent, Chief of Staff Susie Wiles, and Deputy Chief of Staff Dan Scavino.
Rick Rieder, chief investment officer of fixed income for BlackRock Inc., interviewed for the job of Federal Reserve chairman. (Christopher Goodney/Bloomberg via Getty Images)
POWELL DECLINES TO WEIGH IN ON POTENTIAL SUCCESSORS AS TRUMP EYES NEXT FED CHAIR
Interestingly, Rieder is the only candidate on the final list without prior Federal Reserve or government experience, a factor that some in the room viewed positively, according to sources.
Alongside Rieder, other finalists include former Federal Reserve Board Governor Kevin Warsh, National Economic Council Director Kevin Hassett, and Federal Reserve Board Governor Christopher Waller.
Kevin Warsh, a former governor of the Federal Reserve.
The interview with Rieder marks the final step before the president makes his decision. Fed Chairman Jerome Powell’s term is set to expire on May 15. He was nominated by Trump in 2017 and confirmed in 2018.
FROM MORTGAGES TO CAR LOANS: HOW AFFORDABILITY RISES AND FALLS WITH THE FED
The selection process was spearheaded by Treasury Secretary Scott Bessent, who began with a list of ten candidates from diverse backgrounds, narrowing it down to the final contenders. Trump took the time to familiarize himself with each candidate on the shortlist.
US Treasury Secretary Scott Bessent visits “FOX & Friends” at Fox News Channel Studios on November 12, 2025 in New York City. (John Lamparski/Getty Images)
The president is expected to announce his decision by the end of January. If he selects someone not currently serving on the Federal Reserve Board of Governors, that individual will need to fill an open seat.
CLICK HERE TO GET FOX BUSINESS ON THE GO
Fed Governor Stephen Miran’s term is set to expire on January 31, providing the president with an opportunity to make a selection. Miran was sworn in last September, filling the seat left vacant by Adriana Kugler’s resignation, and has frequently advocated for more aggressive interest rate cuts.
Stephen Miran, chairman of the Council of Economic Advisers, following a television interview outside the White House in Washington, D.C., on Tuesday, June 17, 2025. (Getty Images)
“I think policy is clearly restrictive and holding the economy back,” Miran said during an interview on FOX Business’ “Mornings with Maria” last week. “I think that well over 100 basis points of cuts are going to be justified this year,” he added.
If Trump opts for Waller, the president could appoint another individual when the seat opens up.
