Is Rick Rieder the darkhorse for the Fed job?

Rick Rieder's Fed Chairman Prospects

This week, Rick Rieder met with President Trump, reigniting speculation about his candidacy for Federal Reserve Chairman. As the only finalist without prior Fed experience, Rieder's unique position has garnered attention, perceived positively by interviewers. He discussed Fed profitability, monetary policy stability, and U.S. debt dynamics during the meeting. Should he be chosen, a rally in long-term rates might occur, which could be beneficial for the U.S. dollar by mitigating risks associated with losing central bank independence. In contrast, gold prices could face downward pressure. Rieder forecasts a 2% GDP growth primarily driven by AI capital expenditures and advocates for quality fixed income investments. He expresses notable concern regarding the labor market, emphasizing layoffs driven by efficiency rather than cyclical weaknesses. A decision is expected before the end of the month, and Rieder's selection could provoke significant market reactions.