BlackRock Global Allocation Team Head Rick Rieder predicts the Fed’s next move on interest rates in the ‘Claman Countdown.’
Specialties: BlackRock CEO Rick Rieder discussed several key issues, including the Federal Reserve’s interest rate, during talks for the top job at the central bank, senior management sources told FOX Business.
Other topics discussed during the meeting with Rieder, BlackRock’s global chief investment officer, included the importance of monetary policy stability and US debt volatility, the sources said.
The interview was conducted in the Oval Office and included President Donald Trump, Vice President JD Vance, Treasury Secretary Scott Bessent, chief of staff Susie Wiles and deputy chief of staff Dan Scavino.
Rick Rieder, chief fixed income investment officer of BlackRock Inc., discussed the job of Federal Reserve chairman. (Christopher Goodney/Bloomberg via Getty Images)
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Rieder stands as the only candidate interviewed on the final list without Federal Reserve or government experience. People in the house saw it as a big deal, sources said.
Now, in addition to Rieder, the list of winners includes former Federal Reserve Board Governor Kevin Warsh, National Economic Council Director Kevin Hassett and Federal Reserve Board Governor Christopher Waller.
Kevin Warsh, former governor of the Federal Reserve.
The interview with Rieder is the last one before the president makes his final decision. Fed Chairman Jerome Powell’s term as head of the central bank ends on May 15. He was nominated by Trump to lead the Fed in 2017 and confirmed in 2018.
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The process was led by the secretary of the treasury – Bessent started with 10 names from different backgrounds and whittled down potential successors to the final list. Trump then took the time to get to know each person on the final list.
US Treasury Secretary Scott Bessent visits “FOX & Friends” at the Fox News Channel Studios on November 12, 2025 in New York City. (John Lamparski/Getty Images)
He is expected to make a decision by the end of January.
If the president appoints someone who is not currently on the Federal Reserve Board of Governors, that person will have to fill the open seat.
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Fed Governor Stephen Miran’s term ends on January 31, which will give the president the opening he needs. Miran was sworn into the role in September, filling the seat left by Adriana Kugler after her resignation. He has repeatedly called for aggressive interest rate cuts.
Stephen Miran, chairman of the Council of Economic Advisers, following a televised interview outside the White House in Washington, DC, Tuesday, June 17, 2025. (Getty Images)
“I think the policy is clearly limiting and holding the economy back,” Miran said during an interview with FOX Business’ “Mornings with Maria” last week. “I think more than 100 points of reduction will be justified this year,” he said.
If Trump chooses Waller, the president can appoint someone else to the seat if there is an opening.
