Federal Reserve Chair appointment
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Bessent Names Five Finalists for Federal Reserve Chair
Youtube· 2025-10-27 09:55
Treasury secretary, Scott Bessent confirming five finalists to succeed Fed Chair Jerome Powell. Bloomberg's Jill Disis joins us now. So it is five names that have been making the rounds for some time.I guess Treasury Secretary Scott Bessent took his own name out of the running and he says we'll know by the end of the year. Yeah, Vonnie, I think that timing on this idea of a decision expected by the end of the year, that's really kind of the operative news here. I mean, a lot of the names that we heard Besse ...
BlackRock’s Rieder Climbs Ranks for Fed Chair, Via Transportation Debuts on NYSE, and Trump Dines with Qatari PM
Stock Market News· 2025-09-12 18:38
Group 1: Federal Reserve Chair Race - Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, is emerging as a leading candidate for the Federal Reserve Chair position, with Treasury Secretary Scott Bessent having interviewed him among at least 11 potential candidates [3][4][9] - Rieder has previously supported interest rate cuts, aligning with President Trump's criticisms of the Fed's rate decisions [4][9] - The selection process is being managed by Bessent, who aims to present a shortlist to President Trump [4][9] Group 2: Via Transportation IPO - Via Transportation Inc. commenced trading on the NYSE, with shares opening at $44, below its IPO price of $46 per share [5][9] - The IPO involved the offering of 10,714,285 shares of Class A common stock, raising approximately $492.9 million in gross proceeds, priced at the higher end of its marketed range of $40.00 to $44.00 per share [6][9] - The closing of the offering is anticipated on September 15, 2025, subject to customary conditions [6] Group 3: Diplomatic Engagement - President Trump is scheduled to have dinner with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani and Envoy Steve Witkoff, highlighting ongoing diplomatic engagements [7][9]