Sources: BlackRock executives with a more aggressive stance on interest rate cuts continue to rise in ranking during the Fed chair interview.

On September 15, according to a U.S. government official, BlackRock executive Rick Rieder is consistently rising in the rankings for the Fed chair successor list. The official, who requested anonymity to discuss private meetings, stated that U.S. Treasury Secretary Yellen conducted an extensive two-hour interview with Rieder in New York last Friday, where they discussed topics such as monetary policy, the structure of the Fed, and regulatory policies. The official emphasized that the selection process is still ongoing, and Yellen has so far interviewed 4 out of the 11 public candidates, with 1 to 2 more potential candidates expected to be added to the consideration list. Sources familiar with the Treasury Secretary's thoughts revealed that Yellen is impressed with Rieder's extensive experience managing large teams in financial markets and his profound understanding of micro and macroeconomics. The source indicated that if Rieder were to lead the Fed, he would bring a steady style of governance and a deep understanding of non-bank financial institutions. Rieder stated in an earlier interview with CNBC last week that based on his interpretation of economic indicators, he believes the Fed should cut interest rates by 50 basis points—double the amount that the market generally expects to be announced at this week's FOMC meeting. (Jin10)