{"id":13543,"date":"2026-01-18T21:57:06","date_gmt":"2026-01-18T21:57:06","guid":{"rendered":"https:\/\/microvibenews.com\/?p=13543"},"modified":"2026-01-18T21:57:06","modified_gmt":"2026-01-18T21:57:06","slug":"blackrocks-rick-rieder-bid-for-fed-chair-is-gaining-traction","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=13543","title":{"rendered":"BlackRock\u2019s Rick Rieder bid for Fed chair is gaining traction"},"content":{"rendered":"

<\/p>\n

The candidacy of BlackRock\u2019s Rick Rieder to be the next Federal Reserve chair has gained late momentum, people familiar with the matter say, as President Donald Trump weighs congressional blowback in his bid to put a friendlier face at the head of the central bank.<\/p>\n

\n

Trump\u2019s interview Thursday with Rieder went well, the people said, speaking on condition of anonymity to discuss the private deliberations.<\/p>\n

Key senators such as Republican Banking Committee member Thom Tillis have warned that Trump\u2019s Fed picks will get more scrutiny after the Justice Department subpoenaed the Fed last week over statements by Chair Jerome Powell related to a renovation project at the bank\u2019s headquarters. But Powell, whose term expires in May, contends the criminal probe is a pretext to punish him for not cutting rates quickly enough.<\/p>\n

Read More:\u00a0Fed Served With DOJ Subpoenas; Powell Vows to Stand Firm\u00a0<\/p>\n

Trump, asked Friday about the selection process, said he had a candidate in mind, while declining to name him. \u201cI think I have it \u2014 in my mind, done,\u201d he said.<\/p>\n

The search is now a four-man race, some of the people said, among Rieder, National Economic Council Director Kevin Hassett, Fed Governor Christopher Waller and former governor Kevin Warsh, the people said.<\/p>\n

Read More:\u00a0The Turbulent Forces Reshaping The Fed This Year<\/p>\n

Hassett was an early frontrunner and continued to be until Trump said this week he may not want to lose Hassett from his current role. It\u2019s not clear if it was a signal of a shifting internal deliberation, or an offhand remark.<\/p>\n

\u201cNobody knows who President Trump will choose for the Fed, except President Trump himself. As the president recently said, he will announce his final decision soon,\u201d White House Press Secretary Karoline Leavitt said in a written statement Saturday.<\/p>\n

The decision to subpoena the Fed a week ago sparked a wave of backlash, including a pledge by Tillis \u2014 who sits on the committee that would first consider a nominee \u2014 to oppose any Fed nomination until the matter is resolved.\u00a0<\/p>\n

Rieder, BlackRock\u2019s chief investment officer of global fixed income, is viewed as potentially easier to confirm, some of the people said. A spokesperson for BlackRock declined to comment on Rieder\u2019s status.<\/p>\n

Hiring data released earlier this month suggested the labor market remained fragile at the end of the year, and the outlook for hiring is guarded. Economists see another year of limited job opportunities and cooling pay gains, likely exacerbating voters\u2019 affordability concerns going into this year\u2019s midterm elections.<\/p>\n

Fed officials cut rates three consecutive times at the end of 2025, but have signaled they\u2019re in no rush to lower them again until they see more data on inflation and the labor market. Policymakers are expected to hold rates steady at their next meeting on Jan. 27-28.<\/p>\n

Rieder has called the Fed\u2019s independence \u201ccritical,\u201d but has also echoed Treasury Secretary Scott Bessent in saying the central bank could be more \u201cinnovative\u201d in how it uses its balance sheet.<\/p>\n<\/div>\n

#BlackRocks #Rick #Rieder #bid #Fed #chair #gaining #traction<\/p>\n","protected":false},"excerpt":{"rendered":"

The candidacy of BlackRock\u2019s R… <\/p>\n","protected":false},"author":1,"featured_media":13544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[1680,9441,1339,901,1542,5009,9442,9443,9444],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/13543"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13543"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/13543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/13544"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}