BlackRock’s Rieder Sees Soft Jobs Market, Wants Fed Rate at 3%

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BlackRock executive Rick Rieder predicts a softening labor market and suggests the Federal Reserve should lower interest rates to 3%.

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BlackRock Inc. executive Rick Rieder, who is among those being considered to succeed Federal Reserve Chair Jerome Powell, said the labor market is softening and interest rates should be lowered to 3%.

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Original article published by Bloomberg on November 7, 2025.
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