He Could Be the Next Fed Chief and He Says to Add These Two Assets to Your Portfolio

There's a new candidate to replace Federal Reserve Chairman Jerome Powell when his term ends in May 2026.In mid-September, Rick Rieder, chief investment officer of global fixed income at BlackRock, the world's largest asset management company, met with Treasury Secretary Scott Bessent to discuss the job and how Rieder might lead the planet's most important central bank.Rieder's star is rising because he is considered to have a deep and broad understanding of macroeconomics and financial markets. Also, of course, the White House likes him because he's calling for a larger-than-usual 50 basis point cut in interest rates by the Fed, exactly what President Trump has been hounding Powell to do.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool