Rick Rieder’s Wall Street bona fides and openness to making changes at the Fed have bolstered his candidacy for the central bank’s top job, Bloomberg reports citing people familiar with White House deliberations

Rick Rieder’s Wall Street bona fides and openness to making changes at the Fed have bolstered his candidacy for the central bank’s top job, Bloomberg reports citing people familiar with White House deliberations.

The reports regarding Rick Rieder being considered for the Fed's top position indicate a potential shift in leadership dynamic at the central bank, which could influence monetary policy direction. His openness to change may suggest a move towards a more accommodating or responsive stance compared to current policies, impacting market expectations for interest rates and overall risk sentiment, particularly in USD and fixed income markets.