Trump May Announce New Fed Chair Next Week, Four Candidates Considered
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Candidate List: U.S. Treasury Secretary Scott Bessent indicated that Trump might announce his choice for the next Federal Reserve chair as early as next week, with four strong candidates including BlackRock's Rick Rieder, National Economic Council Director Kevin Hassett, Fed Governor Christopher Waller, and former Fed Governor Kevin Warsh, a decision that could significantly impact future monetary policy.
- Trade Agreement Urging: During a press conference in Davos, Bessent urged all countries to adhere to existing trade agreements, particularly in light of Trump's tariff threats regarding Greenland, emphasizing that this situation is fundamentally different from other trade deals and could affect global trade stability.
- U.S. Debt Holdings: Bessent noted that European nations hold approximately $8 trillion in U.S. Treasuries, nearly double the amount held by the rest of the world, which grants Europe significant leverage in the U.S. debt market, making any potential sell-off illogical and potentially disruptive to global financial markets.
- Market Volatility: Market uncertainty spiked as the Volatility Index (VIX) rose above the 20-point level for the first time since November, currently trading at 20.20, up 7.2% on the day, reflecting investor concerns regarding future economic policies and market directions.
Analyst Views on BLK
Wall Street analysts forecast BLK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLK is 1336 USD with a low forecast of 1218 USD and a high forecast of 1514 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
10 Buy
2 Hold
0 Sell
Strong Buy
Current: 1156.650
Low
1218
Averages
1336
High
1514
Current: 1156.650
Low
1218
Averages
1336
High
1514
About BLK
BlackRock, Inc. is an investment management company. The Company provides a range of investment management and technology services to institutional and retail clients. Its diverse platform of alpha-seeking active, private markets, index and cash management investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives, and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds, separate accounts, collective investment funds and other pooled investment vehicles. It also offers technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, and Cachematrix, as well as advisory services and solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
