Fed Chair frontrunner Rick Rieder has long funded Trump's political opponents

Odaily News: BlackRock executive Rick Rieder is currently one of the frontrunners to take over as Fed Chair, but his past funding of Trump's main political opponents and top Democrats could be a potential obstacle to his appointment by Trump, who values "loyalty" in subordinates. According to Polymarket data, Rick Rieder has a 32% probability of being nominated by Trump.

Federal Election Commission (FEC) data shows that Rick Rieder has a history of cross-party donations, having funded Democrats Pete Buttigieg and Cory Booker in 2020 and supported Jeb Bush in 2016. Importantly, he has never provided financial support to Trump in the 2016, 2020, and 2024 presidential elections.

FEC records indicate that Rick Rieder's donation recipients also include top Democrats such as Chuck Schumer, Hakeem Jeffries, and Mark Warner, as well as Republican establishment figures like Mitt Romney and Paul Ryan. His political donation history began in 2005, with his largest donation since the 2020 election being $15,825 to a group supporting Nikki Haley in December 2023.

Rick Rieder and BlackRock representatives declined to comment. (Jin10)