U.S. Treasury Secretary Scott Bessent is actively screening potential candidates for the next Federal Reserve Chair as the Trump administration aims to find a replacement for Jerome Powell by May 2026. One notable contender in consideration is Rick Rieder, an executive at BlackRock Inc. (NYSE: BLK). Bessent recently held a meeting with Rieder in New York, marking the fourth candidate interview in the selection process. During the two-hour meeting, Rieder, who serves as BlackRock's Chief Investment Officer of fixed income, engaged in discussions regarding monetary policy, the Federal Reserve's organizational structure, and regulatory policies, positioning him as a promising candidate for the role. Neither the Treasury Secretary's office nor BlackRock has provided immediate comments on the matter. The administration has been narrowing down the pool of potential candidates with Bessent already conducting interviews with four individuals for the position. For further details, visit the Benzinga website.