As President Donald Trump searches for the next head of the US central bank, one Wall Street name has moved into focus, Rick Rieder. The BlackRock veteran is set to be interviewed at the White House this week as a possible successor to Jerome Powell, whose term as Federal Reserve chairman ends on May 15, as reported by Fox Business.

Who is Rick Rieder?

Rick Rieder is a Senior Managing Director at BlackRock, where he serves as Chief Investment Officer of Global Fixed Income. He runs the firm’s bond and credit investments, an area closely linked to interest rates and monetary policy. Rieder oversees roughly $2.4 trillion in assets, placing him among the most influential figures in global financial markets.

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Beyond his investment role, Rieder sits on BlackRock’s Global Executive Committee and chairs the firm-wide BlackRock Investment Council. These positions put him at the company’s biggest investment decisions

Rieder has long interacted with the US government and central bank. He previously served as vice chairman of the US Treasury’s Borrowing Committee and was also a member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

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Life before joining BlackRock

Before joining BlackRock in 2009, Rieder spent more than 20 years at Lehman Brothers. There, he led global credit businesses and proprietary investment strategies until the firm’s collapse during the 2008 financial crisis. He later headed R3 Capital Partners before moving to BlackRock, where his influence steadily grew.

Over the years, Rieder has received widespread recognition for his work in fixed income investing. He has been inducted into the Fixed Income Analysts Society Hall of Fame and has won or been nominated for several top portfolio management awards from institutions such as Morningstar and Institutional Investor.

Others on Trump’s list

Rieder is the fourth and final candidate Trump is expected to interview for the Fed chair role. Other contenders include Kevin Warsh, Kevin Hassett and Christopher Waller. The choice will give the future direction of US monetary policy at a time when markets remain highly sensitive to interest rate signals.