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Rieder odds rising for Fed chair after Trump calls BlackRock executive ‘very impressive’

From cnbc.com

BlackRock fixed income chief Rick Rieder’s star is rising as a potential Federal Reserve chair following flattering remarks Wednesday from President Donald Trump. In a CNBC interview, Trump called Rieder “very impressive” following a recent meeting between the two. Rieder is one of a few finalists in the race to see who will succeed current Chair Jerome Powell when his term expires in May. Trump also indicated that he is near a decision, with a candidate field that began at 11 now whittled “down to maybe one,” the president said during the interview from the World Economic Forum in Davos, Switzerland. Following his ... (full story)

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  • Category: Fundamental Analysis