Source: BlackRock executive Rick Rieder continues to rise in Fed chair interview

According to King Thousand, U.S. government officials revealed that BlackRock Group executive Rick Rieder's ranking continues to rise on the competition list for successors to the Federal Reserve Chairman. U.S. Treasury Secretary Bescent conducted an extensive two-hour interview with Reed in New York last Friday, and the two sides discussed issues such as monetary policy, the Fed's organizational structure and regulatory policy. The official stressed that the selection process is still in progress, with Becent having interviewed 4 of the 11 public candidates so far, and one to two new candidates are expected to be added to the consideration list. Sources familiar with the finance minister’s idea revealed that Becente was impressed by Reed’s extensive experience in managing large teams in financial markets and his deep understanding of micro and macroeconomics. The person said that if Reed takes charge of the Federal Reserve, it will bring the Federal Reserve a calm style of acting and a deep understanding of non-bank financial institutions.