Rick Rieder is head of fixed income at BlackRock, and one of those i contention for Federal Reserve System Chair :
- Bessent has named five finalists for Fed chair
- Waller, Bowman, Hassett, Warsh, and Rieder.
Rieder spoke on his outlook for the next Federal Open Market Committee (FOMC) meeting, info via CNBC:
- regardless of the use of alternative data sources the Fed can draw on, we believe there is an increased chance that December’s meeting may skip a cut
- would push off further accommodative rate moves into the new year
- potentially to a new Chair
Wow .... that last point he made can be read as "potentially to June 12, 2026".
I think that's unlikely, Trump would go ballistic, but here's how I got that date:
- term as Chair ends on May 15, 2026
- the meeting following is June 11-12
