Key Takeaways
- Rick Rieder of BlackRock will be interviewed for the US Federal Reserve Chair role at Mar-a-Lago.
- Other candidates are Kevin Hassett, Kevin Warsh, and Christopher Waller.
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Rick Rieder, BlackRock’s chief investment officer for global fixed income, is set to be interviewed for the role of Federal Reserve chair at Mar-a-Lago in the final week of the year, CNBC reported Friday.
Rieder has spent more than a decade at BlackRock, the world’s largest asset manager. Like CEO Larry Fink, he has shifted from early skepticism about crypto to a more pragmatic stance, increasingly framing digital assets as part of a modern portfolio.
In public remarks, Rieder has said investors should consider allocating a portion of their portfolios to Bitcoin, describing it as a potential store of value alongside assets such as gold.
The Fed chair is one of the most influential positions in global finance, responsible for setting US monetary policy and regulating the nation’s banking system.
While Jerome Powell’s term as chair officially ends in mid-May 2026, the succession process is already underway. Trump is currently interviewing finalists, including Kevin Hassett, Kevin Warsh, Fed Governor Christopher Waller, and Rieder.
The president expects to announce his nominee in late 2025 or early 2026.
