Trump dark horse candidate for Fed Rick Rieder has backed higher corporate tax rate

One of the finalists to be President Donald Trump’s pick to lead the Federal Reserve has supported raising the corporate tax rate and said the United States needs higher immigration, putting him at odds with some of the administration’s policy positions.

Rick Rieder, BlackRock’s chief fixed income strategist, has emerged as one of the leading candidates to replace outgoing Fed Chairman Jerome Powell. A look at past interviews with Rieder shows that he has held policy views that diverged from those of the White House.

DOJ INVESTIGATION COULD PUSH POWELL TO HOLD ON TO HIS SEAT AT FED

Rolling back Trump corporate tax rate cut

Trump’s signature legislative achievement of his first term in office was the 2017 Tax Cuts and Jobs Act, which slashed the corporate