Fed Chair wannabe Rieder says Federal Reserve may be on hold until June 2026!

Rick Rieder is head of fixed income at BlackRock, and one of those i contention for Federal Reserve System Chair :

• Bessent has named five finalists for Fed chair
• Waller, Bowman, Hassett, Warsh, and Rieder.

Rieder spoke on his outlook for the next Federal Open Market Committee (FOMC) meeting, info via CNBC:

• regardless of the use of alternative data sources the Fed can draw on, we believe there is an increased chance that December’s meeting may skip a cut
• would push off further accommodative rate moves into the new year
• potentially to a new Chair

Wow .... that last point he made can be read as "potentially to June 12, 2026".

I think that's unlikely, Trump would go ballistic, but here's how I got that date:

• term as Chair ends on May 15, 2026
• the meeting following is June 11-12

This article was written by Eamonn Sheridan at investinglive.com.

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