Rick Rieder Gains Momentum as Candidate for Federal Reserve Chair Amid Scrutiny

Rick Rieder, BlackRock's chief investment officer, has gained late momentum as a candidate for the next Federal Reserve chair amid President Donald Trump's consideration. The selection process includes four contenders: Rieder, National Economic Council Director Kevin Hassett, Fed Governor Christopher Waller, and former governor Kevin Warsh. Key senators have signaled increased scrutiny following a Justice Department subpoena related to Fed Chair Jerome Powell's statements. Trump indicated he has a candidate in mind but has not announced a final decision.