Archive · 12 Jan 2026
Trump to interview BlackRock CIO for Fed chair
President Trump is talking to Rick Rieder, a big boss at BlackRock, about becoming the next head of the Federal Reserve.
The Fed is like the money boss of the United States, deciding things like interest rates.
Rieder is in charge of a lot of money, about $2.4 trillion, which is a huge amount!
He's been working with money and bonds for a long time and has even worked with the government before.
Trump is also talking to a few other people for this job, and whoever gets picked will help decide how the country handles money and interest rates.
Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, is being interviewed for the Federal Reserve chairman position.
Rieder oversees $2.4 trillion in assets and has significant experience in fixed income investing.
He has previously worked with the US Treasury and the Federal Reserve in advisory roles.
Rieder is one of four candidates being considered by President Trump for the position.
The current Fed chair, Jerome Powell, term ends on May 15.
- Who
- Rick Rieder, a Senior Managing Director at BlackRock, is being considered for the Federal Reserve chairman position.
- What
- President Donald Trump is interviewing Rieder for the role of Federal Reserve chairman.
- When
- The interview is scheduled for this week.
- Where
- The interview will take place at the White House.
- Why
- Jerome Powell's term as Federal Reserve chairman ends on May 15, and Trump is searching for a successor.
- Candidate
- Rick Rieder
- Current Position
- Chief Investment Officer of Global Fixed Income at BlackRock
- Assets Under Management
- $2.4 trillion
- Interview Date
- This week
- Current Fed Chair
- Jerome Powell
- Powell's Term Ends
- May 15
- Other Candidates
- Kevin Warsh, Kevin Hassett, Christopher Waller