BlackRock’s Rieder Sees Soft Jobs Market, Wants Fed Rate at 3%
BlackRock Inc. executive Rick Rieder, who is among those being considered to succeed Federal Reserve Chair Jerome Powell, said the labor market is softening and interest rates should be lowered...
By Enda Curran · Bloomberg Markets
BlackRock Inc. executive Rick Rieder, who is among those being considered to succeed Federal Reserve Chair Jerome Powell, said the labor market is softening and interest rates should be lowered to 3%.