BlackRock’s Rieder Reiterates Fed Rate Cut Call Despite Iran War

BlackRock Inc.’s Rick Rieder reiterated his view that the Federal Reserve should cut interest rates, shrugging off speculation of hikes tied to the war with Iran.

“Small businesses, young people, low income, are really getting hurt by this interest rate,” Rieder, BlackRock’s top bond-market executive, said in an interview in Dallas.