US EditionBlackRock's Rick Rieder Reportedly Among Final Contenders For Fed Chair Role - BlackRock (NYSE:BLK)
Trump may retain economic adviser Kevin Hassett, narrowing Federal Reserve chair candidates amid DOJ probe and growing support for BlackRock's Rick Rieder for Senate confirmation.
- On Sunday, Kevin Hassett, White House economic adviser, said President Donald Trump may keep him in his current role, removing him from Fed chair contention, and he was `humbled and gratified` by the comment.
- A DOJ criminal probe into the Federal Reserve's headquarters remodeling injected new tension into the Fed search, and coupled with President Trump's pressure for lower rates, Treasury Secretary Scott Bessent warned it could harm markets.
- It's now seen as a four-man race, with Rick Rieder's candidacy gaining late momentum as Treasury Secretary Scott Bessent leads the search and has removed himself from consideration.
- Jerome Powell's term ends on May 15, creating urgency as the Senate Banking Committee is expected to weigh in soon while Thom Tillis warned nominees will face closer scrutiny.
- Bond yields fell Jan 13 and Jan 14, and Treasury Secretary Scott Bessent cited Treasury bond auctions last week as evidence of limited disruption, while officials said `I think we will move forward` and expect the Banking Committee to weigh in soon.
14 Articles
14 Articles
Fed chair race still up in the air
White House economic adviser Kevin Hassett said President Donald Trump may well keep him in his current job, which would eliminate him from contention for the next Federal Reserve chair. “From the beginning, he and I have talked about whether it’s better for me to be here in the West Wing or over at the Fed,” Hassett said on Fox News’ “The Sunday Briefing.” “I don’t think he’s made a final call on that.” Trump expressed reluctance last week abou…
Hassett Says Trump May Be Right to Pass Him Over
White House economic adviser Kevin Hassett said President Donald Trump may well keep him in his current job, which would eliminate him from contention for the next Federal Reserve chair, Bloomberg reports Said Hassett: “From the beginning, he and I have talked about whether it’s better for me to be here in the West Wing or over at the Fed. I don’t think he’s made a final call on that.”
Kevin Hassett has withdrawn from the consideration to lead the American Fed, reducing the field in a leadership contest increasingly influenced by political and legal pressures. President Donald Trump has made it clear that he prefers that Hassett remains in his current role at the White House. And this position has effectively excluded him from the competition and reshape expectations around the next Fed president. The Hassett article withdraws…
Coverage Details
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
