Blackrock's Rick Rieder says stories on meeting with US President Trump on Fed role are reasonably accurate; thinks that the fed seat is independent; Fed has to get rates down to 3%, via CNBC interview

Blackrock's Rick Rieder says stories on meeting with US President Trump on Fed role are reasonably accurate; thinks that the fed seat is independent; Fed has to get rates down to 3%, via CNBC interview.

Rick Rieder's comments suggest that there is increasing scrutiny on the Federal Reserve's independence, which could signal potential shifts in market sentiment regarding monetary policy. If his view of the Fed needing to lower rates to 3% gains traction, it could lead to a re-evaluation of the current rate outlook and increased volatility in interest rate-sensitive assets. Traders should monitor how this narrative develops, as it may impact the USD and broader market expectations.