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Live Updates  >  Live Update Details

2025-09-13 13:48:41

BlackRock executive Rick Rieder reportedly among the front-runners for Federal Reserve chairmanship. BlackRock executive Rick Rieder is reportedly rapidly emerging as a leading candidate to succeed Jerome Powell as the next Federal Reserve chairman. Powell's term expires in May of next year. According to sources, U.S. Treasury Secretary Benson & Melson met with Rieder for two hours in New York on Friday. The discussion covered monetary policy, the Fed's organizational structure, and regulatory policies. Benson & Melson has interviewed four of the 11 publicly listed candidates for Fed chairmanship and emphasized that the selection process remains ongoing.

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