BlackRock's Rick Rieder Met With Trump Amid Federal Reserve Chair Decision Looms

Rick Rieder, BlackRock's chief investment officer for global fixed income, has met with President Donald Trump, intensifying speculation around the next Federal Reserve chair. Rieder has argued for lower interest rates, citing concerns about credit markets and growth. His views align with Trump's criticism of the Fed's tight policy. A Rieder nomination would be unconventional, putting a Wall Street asset manager in charge of global interest rates. Trump has also ruled out Kevin Hassett, a current economic adviser.