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Market Chatter: BlackRock Executive Rick Rieder Emerges as Potential Contender for Fed Chair

BY MT Newswires | ECONOMIC | 09/12/25 03:48 PM EDT

03:48 PM EDT, 09/12/2025 (MT Newswires) -- BlackRock's (BLK) Rick Rieder, chief investment officer of global fixed income, is among contenders to serve as the next chair of the Federal Reserve after Jerome Powell's term ends in May, Bloomberg reported Friday, citing an administration official.

Treasury Secretary Scott Bessent and Rieder, one of the most senior executives at BlackRock (BLK), discussed monetary policy, the Fed's organizational structure, and regulatory policy in a two-hour interview on Friday, the report said.

BlackRock (BLK) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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