The White House search for the next Federal Reserve chair continues to twist and turn, with BlackRock bond chief Rick Rieder emerging as the latest hot candidate.

Administration sources tell CNBC that the asset management giant's chief investment officer of global fixed income interviewed Friday with Treasury Secretary Scott Bessent, the Trump administration's point man for Jerome Powell's successor.

"Whoever ends up being the Fed chair, there's so many innovative things," Rieder said Tuesday during a CNBC appearance.

The discussion with Rieder centered on monetary policy, as well as structural issues related to the central bank, sources said. Bessent has publicly stated that he wants to see not only new leadership at the Fed, but also fundamental changes in the way it operates.

Along

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