Know what you should know!
Demand Transparency and Accountability in the Federal Reserve Chair Selection Process
Related Article: BlackRock's Rick Rieder says this is the 'best investing environment ever.' He's conveniently in the running for next Fed chairman - finance.yahoo.com - Friday, August 15, 2025, 3:59:17 PM Eastern Daylight Time
Target: The White House, U.S. Senate Committee on Banking, Housing, and Urban Affairs
Goal: We call on the White House and relevant government bodies to ensure a transparent, democratic, and accountable process for selecting the next Federal Reserve Chair, free from undue influence by Wall Street and corporate interests.
The Federal Reserve Chair wields immense power over our economy, impacting everything from jobs and wages to the cost of living. Recent reports indicate that Rick Rieder, BlackRock’s chief investment officer for global fixed income, is being considered for this critical position. Rieder’s public statements touting the 'best investing environment ever' and his advocacy for interest rate cuts align closely with Wall Street’s interests, raising serious concerns about conflicts of interest and the prioritization of corporate profits over the needs of working people.
We cannot allow the Federal Reserve to be further captured by financial elites. The next Chair must be committed to full employment, reducing inequality, and strengthening financial regulations—not just boosting returns for investors. The selection process must be open, transparent, and accountable to the public, not conducted behind closed doors with input from corporate lobbyists.
We urge the White House and the Senate to reject any candidate with deep ties to Wall Street and to commit to a process that centers the needs of the people, not the profits of the few.
Key Demands
- Ensure a fully transparent and public process for selecting the next Federal Reserve Chair, including public hearings and disclosure of all candidates’ financial ties.
- Reject any candidate with significant conflicts of interest or deep ties to Wall Street and corporate financial institutions.
- Prioritize candidates with a demonstrated commitment to reducing economic inequality, strengthening financial regulations, and advancing the public good.
- Require all candidates to publicly disclose their positions on key issues such as employment, inflation, and financial regulation.
- Establish mechanisms for ongoing public oversight and accountability of the Federal Reserve’s leadership.
Sign This Petition
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(C)opyright 2025 - TruthAndResistance.com
(C)opyright 2025 - TruthAndResistance.com