U.S. Treasury Secretary Scott Bessent continues vetting candidates as Trump administration seeks Federal Reserve Chair Jerome Powell’s replacement by May 2026.
BlackRock Executive Emerges as Contender
Bessent met with BlackRock Inc. (NYSE:BLK) executive Rick Rieder in New York on Friday, marking the fourth candidate interview in the Trump administration’s search for a new Federal Reserve chair, according to a source cited by Reuters.
Check out the current price of BLK stock here.
Rieder, BlackRock’s Chief Investment Officer of fixed income, discussed monetary policy, Fed organizational structure and regulatory policy during the two-hour meeting. The meeting positions Rieder as a rising contender for the position.
Treasury Secretary’s office and BlackRock did not immediately respond to Benzinga‘s request for comment.
Administration Narrows Candidate Pool
According to reports, Bessent has now interviewed four out …