Rick Rieder, senior managing director at BlackRock, speaks at the Delivering Alpha conference in New York City on September 28, 2023.
Adam Jeffrey | CNBC
The star of BlackRock’s head of fixed income, Rick Rieder, has emerged as a possible candidate to chair the Federal Reserve after President Donald Trump’s unflattering comments on Wednesday.
In an interview with CNBC, President Trump called Reeder “very impressive” after their recent meeting. Rieder is one of the few finalists in the race to replace current Chairman Jerome Powell, whose term expires in May.
Trump also suggested in an interview at the World Economic Forum in Davos, Switzerland, which began at 11 a.m., that the field of candidates has now been narrowed down to “probably one person” and that he is close to making a decision.
Following his comments, traders on the Karshi prediction market raised the probability that Rieder would be nominated to 33%, nearly double from earlier in the week. Rieder did not immediately respond to a request for comment.
Former Federal Reserve Director Kevin Warsh continues to lead with 45%, but is down about 14 points from Monday.
Treasury Secretary Scott Bessent, who led the nomination process, told CNBC earlier this week that he expected President Trump to announce his decision next week.
— Disclosure: CNBC and Kalsi have a commercial relationship.
