Key Takeaways
- BlackRock’s Rick Rieder will be interviewed for the position of chairman of the US Federal Reserve at Mar-a-Lago.
- Other candidates include Kevin Hassett, Kevin Warsh and Christopher Waller.
Rick Rieder, BlackRock’s chief investment officer for global fixed income, will be interviewed for the role of Federal Reserve chairman at Mar-a-Lago in the final week of the year, CNBC reported Friday.
Rieder spent more than a decade at BlackRock, the world’s largest asset manager. Like CEO Larry Fink, he has moved from early skepticism about crypto to a more pragmatic stance, increasingly framing digital assets as part of a modern portfolio.
In public comments, Rieder has said investors should consider allocating some of their portfolios to Bitcoin, describing it as a potential store of value alongside assets such as gold.
The chairman of the Fed is one of the most influential positions in global finance. He is responsible for setting U.S. monetary policy and regulating the country’s banking system.
Although Jerome Powell’s term as chairman officially expires 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.
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