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UPDATE 🚨 RICK RIEDER,THE CIO OF BLACKROCK, CALLS FOR THE FEDERAL RESERVE TO LOWER INTEREST RATES https://t.co/4BzlTjth7U
JUST IN: BLACKROCK CIO RICK RIEDER CALLS FOR THE FED TO LOWER INTEREST RATES THEY’RE WORTH $11.5T Source: @WatcherGuru https://t.co/JxyqYsS1dg https://t.co/XxeEEVJBQS
BLACKROCK CIO RICK RIEDER URGES FED TO CUT RATES BlackRock CIO Rick Rieder, whose firm manages $11.5 trillion, is calling on the Federal Reserve to lower interest rates. His stance adds heavyweight pressure on monetary policy as markets anticipate a shift toward easing. https://t.co/lrHPuBi0xu https://t.co/vi8pasQDEY
BlackRock Chief Investment Officer Rick Rieder said the Federal Reserve should begin lowering interest rates, arguing that current policy is too restrictive for the U.S. economy. The comments were made during an appearance on Bloomberg Television’s “Wall Street Week.” Rieder helps oversee roughly $11.5 trillion in assets at the world’s largest asset-management firm, giving his call additional weight as investors debate the timing of the Fed’s first rate cut.
