Odaily Planet Daily News: According to a US government official, BlackRock Group executive Rick Rieder's ranking in the list of candidates for the successor to the Federal Reserve Chairman continues to rise.

The official, who requested anonymity to discuss the private meeting, said U.S. Treasury Secretary Jeffrey Bessant held a wide-ranging, two-hour interview with Reid in New York last Friday. The two discussed topics including monetary policy, the Federal Reserve's organizational structure, and regulatory policies. The official emphasized that the selection process is ongoing, with Bessant having interviewed four of the 11 open candidates so far and expecting one or two new candidates to be considered.

Sources familiar with the Treasury Secretary's thinking revealed that Bessant was impressed by Reid's extensive experience managing large teams in financial markets and his deep understanding of both microeconomics and macroeconomics. This source stated that if Reid were to take the helm of the Fed, he would bring a steady hand and deep understanding of non-bank financial institutions. Earlier this week, Reid told CNBC that, based on his reading of economic indicators, he believed the Fed should cut interest rates by 50 basis points—double the amount widely expected to be announced at this week's FOMC meeting. (Jinshi)