- President Trump will soon nominate a new Federal Reserve chair to replace Jerome Powell, whose term ends in May.
- Trump seeks a candidate who supports interest rate cuts, due to disagreements with Powell’s approach.
- Rick Rieder, BlackRock’s chief investment officer, is reportedly a leading contender for the position.

A: Hey! Did you hear about the news? It's about the Federal Reserve!

B: No, what happened? The Federal Reserve? Sounds important!

A: Yeah! President Trump wants to pick a new boss for it! Jerome Powell's time is almost up.

B: Oh really? Why? Is there a problem?

A: Apparently, Trump and Powell disagree about interest rates. Trump wants them to be lower!

B: So, Trump is looking for someone who agrees with him then?

A: Exactly! They’ve interviewed a few people. Kevin Hassett and Kevin Warsh, I think?

B: Hmm, I’ve never heard of them. Who’s the favourite to get the job?

A: They’re saying Rick Rieder from BlackRock might be it! He has lots of ideas for changing things!

B: BlackRock? That’s a big company, isn't it?

A: It is! Apparently, people in the finance world like him a lot.

B: Wow, so when do you think he’ll announce who it is?

A: Soon! The Treasury Secretary said it could be this week! They've been looking for a while – since September!