TLDR
- Trump has added Rick Rieder, BlackRock CIO, to the list of Fed Chair candidates.
- Eleven candidates, including Rieder, are in the running for Fed Chair in 2025.
- Rick Rieder supports a Fed rate cut, aligning with Trump’s monetary views.
- Trump’s team is evaluating Fed Chair candidates with interviews led by Scott Bessent.
U.S. President Donald Trump is considering a wide range of candidates to replace Jerome Powell as the Federal Reserve Chair when his term ends in May 2025. Among the new names on the list is Rick Rieder, the Chief Investment Officer (CIO) for Global Fixed Income at BlackRock. Rieder, known for his influence in financial markets, has now joined ten other candidates under consideration for the critical position.
Trump Adds Rick Rieder to List of Fed Chair Candidates
In addition to Rieder, former Federal Reserve Governor Larry Lindsey and Jefferies Chief Market Strategist David Zervos are new contenders for the role. They join a list of established figures such as Federal Reserve Vice Chairs Michelle Bowman and Philip Jefferson, as well as Governor Chris Waller.
This expanded pool reflects the ongoing discussions within the Trump administration regarding the future of the Federal Reserve.
Rick Rieder’s candidacy is notable because of his strong stance on monetary policy. He has publicly voiced his support for a rate cut, aligning with Trump’s stance on reducing interest rates.
🚨 WATCH: Treasury Secretary Scott Bessent on Next Fed Chair, "When it comes to deciding on a new Fed chair, it’s about economics and what’s best for the American people."👍 pic.twitter.com/HtWZi5rWwI
— CryptosRus (@CryptosR_Us) August 13, 2025
His extensive experience at BlackRock, managing global fixed income strategies, has given him insight into both market movements and economic policy, which could make him a valuable candidate for the position.
Trump’s Interview Process for Selecting the Next Fed Chair
The selection process for the next Federal Reserve Chair is expected to be a detailed and methodical one. Treasury Secretary Scott Bessent is tasked with interviewing each of the candidates.
After these interviews, Bessent will compile a shortlist that will be presented to President Trump for a final decision.
While this process may take several months, it is clear that the Trump administration is carefully considering the potential candidates’ qualifications and views on monetary policy. As of now, Trump has not made an immediate decision, indicating that there may be further discussions in the coming months.
Future of the Federal Reserve Leadership
As the deliberations continue, many observers are speculating about the direction the Federal Reserve will take under new leadership. Candidates like Chris Waller are viewed as favorites due to their willingness to base monetary policy decisions on forecasts, a departure from Jerome Powell’s more cautious data-dependent approach.
While Trump has expressed dissatisfaction with Powell’s leadership, he has not yet made a final move to replace him before Powell’s term ends. The upcoming decision on the next Federal Reserve Chair will likely shape U.S. monetary policy for years to come.
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