BlackRock exec Rick Rieder says this is the ‘best investing environment ever.’ He’s conveniently in the running for next Fed chairman

Rick Rieder, chief investment officer of fixed income for BlackRock Inc. (Credit: Christopher Goodney—Bloomberg/Getty Images)

• BlackRock fixed-income chief Rick Rieder, a reported contender for Fed chair, said the U.S. is in the “best investing environment ever” and urged the Fed to cut rates, potentially as soon as September. While his dovish stance aligns with President Trump’s push for easier policy, Rieder’s acknowledgment of tariff-driven inflation may test his appeal at the White House.

BlackRock’s chief investment officer for global fixed income, Rick Rieder, is bullish. He says the landscape has never looked so good for investing and believes Jerome Powell should be cutting interest rates.