President Donald Trump is moving swiftly toward naming the next Federal Reserve chair, with sources confirming that Rick Rieder, BlackRock\u2019s chief investment officer of global fixed income, will meet with the president this Thursday at the White House. Key figures such as Chief of Staff Susie Wiles, Treasury Secretary Scott Bessent, and Deputy Chief of Staff Dan Scavino are also expected to attend.<\/p>\n
This interview marks the final stage in Trump\u2019s selection process for Jerome Powell\u2019s successor, whose term ends on May 15. Powell, nominated by Trump in 2017, has guided the Fed through inflation spikes and economic uncertainty, leaving a mixed legacy that the next chair will inherit.<\/p>\n
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Rieder, known for his expertise in bonds and global fixed income, is considered a market-friendly candidate. Financial analysts suggest his approach could lower borrowing costs for Americans, affecting mortgages, car loans, and corporate lending. Wall Street forums are abuzz with speculation on whether Rieder\u2019s experience at BlackRock might make him more sympathetic to market stability than aggressive inflation control.<\/p>\n
The meeting won\u2019t be a casual chat. Joining the President is a \u201cwho\u2019s who\u201d of the current administration\u2019s economic brain trust:<\/p>\n
Susie Wiles:<\/b> The Chief of Staff and \u201cgatekeeper\u201d of the Trump 2.0 era.<\/p>\n<\/li>\n Scott Bessent:<\/b> The Treasury Secretary, whose own background in macro-investing makes him a key judge of Rieder\u2019s market philosophy.<\/p>\n<\/li>\n Dan Scavino:<\/b> The Deputy Chief of Staff, ensuring the political optics align with the administration\u2019s broader \u201cAmerica First\u201d goals.<\/p>\n<\/li>\n<\/ul>\n \u00a0<\/p>\n Alongside Rieder, Trump\u2019s shortlist includes former Fed Governor Kevin Warsh, National Economic Council Director Kevin Hassett, and current Fed Governor Christopher Waller. If Trump selects someone outside the Fed board, that candidate will need to occupy an open seat, potentially reshaping the board\u2019s policy direction. Fed Governor Stephen Miran\u2019s term ends January 31, providing a key vacancy for such an appointment.<\/p>\n \n Rieder is the only finalist who has never served on the Federal Reserve Board, a fact Treasury Secretary Scott Bessent highlighted recently. While some see this as a lack of \u201cinsider\u201d experience, others view it as a breath of fresh air.<\/p>\n Market Intuition:<\/span><\/b> Rieder\u2019s \u201cbottom-up\u201d approach, relying on corporate earnings and real-world inventory data rather than just abstract models, appeals to Trump\u2019s business-first instincts.<\/span><\/p>\n<\/li>\n AI Optimist:<\/b> Rieder has been vocal about an \u201cAI-driven productivity revolution,\u201d suggesting he might be more comfortable keeping rates low if technology is driving growth without inflation.<\/p>\n<\/li>\n<\/ul>\n \n Trump has signaled he will make a decision in January, setting up a high-stakes confirmation process. Picking a non-Fed board member like Rieder would allow Trump to influence monetary policy more directly, potentially affecting inflation and economic growth strategies. Powell has remained neutral on his successor, leaving analysts to debate who might steer the Fed toward rate cuts or stability in the post-Powell era.<\/p>\n \n The next Federal Reserve chair will influence everything from mortgage rates to car loans. A chair leaning toward market growth could make borrowing cheaper, while a candidate prioritizing inflation control might keep rates higher to stabilize the economy long-term. Experts emphasize that the choice will have immediate ripple effects across households, businesses, and financial markets.<\/p>\n With Rick Rieder now under consideration, Trump\u2019s Fed chair decision could redefine U.S. monetary policy. Markets, politicians, and consumers alike are watching as the White House prepares for a final selection in the coming weeks.<\/p>\n \n President Donald Trump is moving swiftly toward naming the next Federal Reserve chair, with sources confirming that Rick Rieder, BlackRock\u2019s\u2026<\/p>\n","protected":false},"author":294,"featured_media":104812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[374,168,34939,34854,34938,33979,750],"class_list":["post-104811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-blackrock","tag-donald-trump","tag-federal-reserve-chair","tag-kevin-warsh","tag-rick-rieder","tag-top-stories","tag-trump"],"reading_time":"4 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/104811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/294"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=104811"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/104811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/104812"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=104811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=104811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=104811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Other Contenders for Federal Reserve\u2019s next Chairman<\/h2>\n
Why is Donald Trump interviewing Rick Reider for the Federal Reserve\u2019s next Chairman?<\/strong><\/h2>\n
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When will Donald Trump make his decision?<\/h2>\n
How the next Fed Chair could affect everyday Americans<\/h2>\n
ALSO READ \u2013 MAGA Civil War: Marjorie Taylor Greene under fire after White House flags protest allegations<\/a><\/strong><\/h4>\n","protected":false},"excerpt":{"rendered":"