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2025-10-30 15:01:57
[Fed Chair Candidate Reid: Powell More Hawkish Than Expected] BlackRock Chief Investment Officer Reid, one of the potential candidates for the next Federal Reserve Chair, said on Wednesday that he believes the Fed's rate cut is in line with the "significantly slowing" labor market, and that Fed Chair Powell's performance at the post-meeting press conference was "more hawkish than expected." Reid stated, "We believe there is a greater likelihood that the December meeting will skip a rate cut, which would postpone further easing measures until the new year, or even until the new chair takes office."
