The Trump administration is seeking opinions on the selection of the Chairman of the Federal Reserve, and bond market participants have high hopes for Rick Rieder.

According to informed sources, Rick Reed's deep Wall Street background and his open attitude towards reforming the central bank have enhanced his competitiveness among a group of Federal Reserve chair candidates. The informed sources said that this BlackRock executive is considered to have the demeanor of a central bank governor, and he has attracted Trump's attention with his numerous ideas for reforming the Federal Reserve. Sources said that another advantage of Reed is that unlike the other three finalists for the position, he has never worked at the Federal Reserve and is not considered to be constrained by the institution. Reed is one of the final four candidates, and when Trump administration officials sought investors' opinions on these candidates, Reed received positive reviews from bond market participants. Other competitors include White House National Economic Council Director Kevin Hassett, Federal Reserve Governor Chris Waller, and former Federal Reserve official Kevin Wash. Corporate executives and investors attending the World Economic Forum in Davos this week have also privately expressed support for Reed.