Financial trading master Rick Rieder emerges as possible Fed chief

2026-01-26 - 02:44

Rick Rieder manages around US$2.4 trillion in assets as BlackRock’s global fixed-income chief investment officer. (Reuters pic) NEW YORK: The emergence of BlackRock’s Rick Rieder as a Federal Reserve frontrunner means the US central bank could be led by a financial markets master less academically credentialed than other recent chairs. Rieder vaulted to the top of betting markets this week after President Donald Trump spoke effusively of the bond market expert, who makes frequent appearances as a commentator on CNBC and other business news broadcasts. Rieder, whom Trump described as “very impressive,” manages some US$2.4 trillion as BlackRock’s chief investment officer of global fixed income.