Trump to Interview BlackRock’s Rick Rieder for Fed Chair Position
Donald Trump is set to interview BlackRock’s Chief Investment Officer Rick Rieder for the Federal Reserve chair position, as Jerome Powell’s term nears its end on May 15. Rieder, who has publicly advocated for lowering interest rates to 3%, joins three other finalists in the race for the role. The selection process underscores heightened scrutiny over monetary policy direction at a time when the crypto market remains sensitive to macroeconomic shifts.
The interview panel includes Treasury Secretary Scott Bessent and Trump’s senior aides, signaling the administration’s focus on financial stability. Powell faces additional pressure from a Department of Justice probe, casting uncertainty over the Fed’s leadership transition. Market participants are watching closely, as the next chair could influence regulatory approaches to digital assets.
