The head of BlackRock’s global allocation team, Rick Rieder, predicts the Fed’s next interest rate moves in “The Claman Countdown.”
Exclusive: BlackRock executive Rick Rieder discussed several key issues, including the Federal Reserve’s profitability, during an interview for the central bank’s top job, senior administration sources told FOX Business.
Other topics discussed in the meeting with Rieder, chief investment officer for global fixed income at BlackRock, included the importance of monetary policy stability and U.S. debt dynamics, the sources said.
The interview took place 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, director of fixed income at BlackRock Inc., interviewed for the post of chairman of the Federal Reserve. (Christopher Goodney/Bloomberg via Getty Images)
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Rieder is the only candidate interviewed on the final list who has no experience with the Federal Reserve or government. Those in the room saw this as a very positive development, the sources said.
Now, in addition to Rieder, the list of finalists 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 meeting 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 head the Fed in 2017 and confirmed in 2018.
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The process was led by Treasury Secretary – Bessent started with 10 names from a wide variety of backgrounds and narrowed down potential successors to the final list. Trump then took the time to get to know each candidate on the final list.
U.S. Treasury Secretary Scott Bessent visits “FOX & Friends” at the Fox News Channel studios on November 12, 2025 in New York. (John Lamparski/Getty Images)
He is expected to make a decision by the end of January.
If the president selects someone who is not currently on the Federal Reserve Board of Governors, that person will be required to fill a vacant seat.
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Fed Governor Stephen Miran’s term expires 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 she resigned. He has frequently called for more aggressive interest rate cuts.
Stephen Miran, Chairman of the Council of Economic Advisers, following a television interview outside the White House in Washington, DC, Tuesday, June 17, 2025. (Getty Images)
“I think the policy is clearly restrictive and holding back the economy,” Miran said during an interview on FOX Business’ “Mornings with Maria” last week. “I think cuts of more than 100 basis points will be justified this year,” he said.
If Trump chooses Waller, the president could then appoint another person to that seat as soon as the seat opens.
