BlackRock executive Rick Reed rises on Fed chairman shortlist

On September 15, US officials revealed BlackRock executive Rick Reed rose in the ranking of successor to the Federal Reserve Chairman, according to BlockBeats. Treasury Secretary Becent held a two-hour interview with Reed in New York last week to discuss issues such as monetary policy. The selection process is still in progress, with Becente interviewing 4 of the 11 candidates and one to two more new candidates are expected to join. Sources said Becent was impressed by Reed's experience in financial markets and economic understanding. Reed believes the Fed should cut interest rates by 50 basis points.