Fed chair candidate Rick Rieder gave campaign cash to Trump foes like Nikki Haley, Cory Booker and more

BlackRock’s Rick Rieder, a possible frontrunner to be the next Fed chair, has given campaign contributions to President Trump’s fiercest rivals and Democratic heavyweights, federal records show.Rieder is on the shortlist for the Fed chair job, along with National Economic Council Director Kevin Hassett, current Fed Governor Christopher Waller and ex-Fed Governor Kevin Warsh.The BlackRock exec shoveled thousands of dollars to Trump-bashing GOP rivals such as 2024 presidential challenger Nikki Haley and 2016 flop Jeb Bush.He also donated to former Sen.

Mitt Romney and ex-House Speaker Paul Ryan, Republicans who both left politics as Trump ascended.Rieder’s biggest single contribution since the 2020 election was $15,825 to a Haley-aligned group, Federal Election Commission figures show.He also gave $22,000 to New Jersey Democratic Sen.Cory Booker and $2,800 to a PAC aligned with former Biden Transportation Secretary Pete Buttigieg, the FEC data showed.The contributions were first reported by Bloomberg News.Treasury Secretary Scott Bessent has been tasked with drumming up the shortlist of qualified people to take over from Chair Jerome Powell, who has drawn frequent broadsides from Trump for failing to slash interest rates quickly enough.Powell, appointed in 2018 under the previous Trump administration, is being investigated by the Justice Department over a $2.5 billion refit of the Fed’s Washington, DC, headquarters, as first reported by The Post.Wall Street titans such as Jamie Dimon have warned that the DOJ probe could be seen by investors as a threat to the Federal Reserve’s independence.Rieder, the 64-year-old chief investment officer for global fixed income at BlackRock, has been vocal about the need to cut rates.He laid out his dovish stance during a CNBC interview on the key borrowing rate that impacts how much Americans repay on home loans and credit cards each month.“I think the Fed’s got to get the rate down.

The Fed’s got to get the rate do...