(Bloomberg) — BlackRock Inc. executive Rick Rieder is rising up the list of contenders to serve as the next chair of the Federal Reserve after Jerome Powell’s term expires in May, according to an administration official. In a wide-ranging interview that lasted for two hours on Friday in New York, Treasury Secretary Scott Bessent and Rieder discussed monetary policy, the Fed’s organizational structure and regulatory policy, the person said, who requested anonymity to discuss a private meeting. Bessent has so far interviewed four of the 11 candidates publicly named as under consideration for the top central bank job, the official said, emphasizing that the process is ongoing. One or two more names will likely be added to that list, according to the person. Rieder is one of the most senior executives at BlackRock, overseeing the firm’s fixed income business. He joined the company in 2009, following nearly two decades at Lehman Brothers Inc. A representative for BlackRock had no immediate comment. Bessent was impressed with Rieder’s long career in markets running large groups and his deep understanding of micro- and macro-contributors to the economy, according to someone familiar with the Treasury secretary’s thinking. Rieder would bring a calm demeanor and in-depth knowledge of financial firms outside the banking system if he becomes Fed chair, the person said. Bessent appreciates Rieder’s ability to use forward-looking frameworks to assess the economy, rather than relying on backward-looking data, the person said. The Treasury chief was impressed by a similar intuitiveness after a conversation with Fed Governor Christopher Waller over the summer. President Donald Trump has been frustrated with Powell’s dependence on data to guide the Fed’s next moves, giving him the nickname “Too Late.” Two senior staffers, one who is a macro-economist and another with regulatory and markets expertise, were in the room for Bessent’s meeting with Rieder. Trump last week said that his top candidates for Fed chair include Waller, former Fed official Kevin Warsh and Kevin Hassett, the director of the White House’s National Economic Council. However, he has deputized Bessent to run a comprehensive search process. The Treasury chief has said that he will interview all the contenders and offer Trump a shortlist of three to four to consider later this fall. –With assistance from Silla Brush. More stories like this are available on bloomberg.com ©2025 Bloomberg L.P. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Rick Rieder from BlackRock is rising among the potential candidates for the position of Federal Reserve Chair.
