Rick Rieder, head of the BlackRock Global Allocation team, predicts the Fed’s next moves on interest rates during “The Claman Countdown.”
Other topics discussed during the meeting with Rieder, the chief investment officer of Global Fixed Income at BlackRock, included the importance of monetary policy stability and U.S. debt dynamics, the sources said.
The interview was conducted in the Oval Office and included President Donald Trump, Vice President JD Vance, Treasury Secretary Scott Bessent, Chief of Staff Susie Wiles and Deputy Chief of Staff Dan Scavino.
Rick Rieder, Chief Investment Officer of BlackRock Inc., interviewed for the position of Chairman of the Federal Reserve. (Christopher Goodney/Bloomberg via Getty Images)
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Rieder is the only interviewed candidate on the final list who has no Federal Reserve or government experience. People in the room saw that as a big positive, the sources said.
In addition to Rieder, the list of finalists now includes former Federal Reserve Governor Kevin Warsh, National Economic Council Director Kevin Hassett and Federal Reserve Governor Christopher Waller.
Kevin Warsh, former governor of the Federal Reserve.
The interview with Rieder is the last before the president makes his final decision. Fed Chairman Jerome Powell’s term as head of the central bank ends on May 15. He was nominated by Trump to lead the Fed in 2017 and was confirmed in 2018.
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The process was led by the Minister of Finance. Bessent started with ten names from a wide range of backgrounds and placed the potential successors on the final list. Trump then took time to get to know each candidate on the final list.
He is expected to make a decision by the end of January.
If the president chooses someone who is not currently a member of the Federal Reserve Board of Governors, that person will have to fill an open seat.
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Fed Governor Stephen Miran’s term ends on January 31, which would give the president the opening he needs. Miran was sworn in in September, filling the seat vacated by Adriana Kugler after her resignation. He has repeatedly called for more aggressive interest rate cuts.
Stephen Miran, chairman of the Council of Economic Advisers, after a television interview outside the White House in Washington, DC, on Tuesday, June 17, 2025. (Getty Images)
If Trump chooses Waller, the president could put another person in the seat when it opens.
