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politics16h ago
Rick Rieder discusses Fed profitability, monetary policy stability during interview for chair role
- Rick Rieder outlined the profitability concerns surrounding the Federal Reserve and its implications for markets.
- The interview stressed the need for monetary policy stability amid U.S. debt dynamics.
- The Oval Office interview was part of the process to select a potential Fed chair for the administration.
- Trump intends to decide on a Fed chair candidate by the end of January, sources say.
- The list of finalists includes Kevin Warsh, Kevin Hassett, and Christopher Waller alongside Rieder.
- Powell’s term as Fed chair ends in 2025, shaping the timing of a transition.
- The interview covered how leadership changes could influence interest-rate policy.
- The session emphasized the broader context of debt dynamics and fiscal policy.
- The discussion occurred with top aides present, signaling interagency coordination.
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