Two potential choices to replace the Federal Reserve Chair

Senior Economist Elianz Mohamed El -Erian said on Wednesday that he sees two competitors to replace the Federal Reserve Chairman, Jerome Powell It rises above the rest of the package.

EL-period appeared on Fox Business Network’s “Country count” On Wednesday, he said that Cio Blackrock is from the global fixed income Rick Reader and former Federal Reserve Governor Kevin Warb are his favorite choices to replace Powell, whose virginity has ended in May 2026.

“He is a great candidate for the chair.” “He has a really good understanding of the markets. They have experience. They are really good economists and can communicate very well.”

“I think they are both equally suitable for this position and I think both of them will do a great job,” he added.

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Al -Iryan said that the presence of Reader, and the workshops and ruler of the Federal Reserve Christopher Wald in the Trump administration list, which includes 11 potential candidates Federal Reserve The president explains that the central bank will have a strong leadership after the end of the state of Powell next year.

“The good news is that you have 11, you have quite a few good candidates,” I explain. “It is not as if we would go from President Powell to something much worse.”

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Blackrock wheels He also appeared on the “Climan count” on Wednesday, and the host, Liz Claman, asked him about the reports he realized as a candidate for the Federal Reserve Teacher.

“Frankly, when I first heard it, I thought it would be the greatest honor in my life,” Reidere said. “I mean, that it is already considered in this position and thinking about responsibility, completely frankly, what I thought about is the ability – and I think the reason that your country is a strong dynamic – is the ability to help people through monetary policy, through economic transport, is really strong.”

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Reader also said that whoever is appointed as the President of the Federal Reserve will need this Low interest rates Next year.

“I talked about what I am thinking of in terms of interest rates and anyone who is the next Federal Reserve Chair, listening, I think you should reduce this rate,” he added.

When he was asked by Kalaman if he would accept the nomination as a engineer for a engine if such a width is extended, about Ryder’s focus into his work in Blackrock.

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“I have a full -time role in trying to generate customers’ returns,” Reidere said. “I am working hard, as you know, it was a good environment – I know I said it before – it’s a good environment for me to be an investor and so I do my job.”