Washington —
The search for a replacement for Federal Reserve Chair Jerome Powell has taken yet another turn, with a dark horse contender gaining momentum: BlackRock’s Rick Rieder.
While the decision is still fluid, people familiar with the matter told CNN that the finance executive left a positive impression on those in attendance at his sit-down interview with President Donald Trump last week.
For months, the Trump administration has teased a long list of candidates to take over when Powell’s term as chair ends in May. Treasury Secretary Scott Bessent has spearheaded the search for the key economic role, presenting Trump with four final candidates ahead of the expiration of Powell’s term: National Economic Council Director Kevin Hassett; former Fed Governor Kevin Warsh; Fed Governor Christopher Waller; and Ried
Continue Reading on CNN
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.