BlackRock's Rieder says Fed will tighten policy, so investors need to be conservative for now

Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, speaks during a Reuters investment summit in New York, November 7, 2019.
Lucas Jackson | Reuters

BlackRock bond chief Rick Rieder said financial conditions have tightened more quickly than expected, so Federal Reserve Chair Jerome Powell could take a more cautious tone even as he pushes toward raising interest rates.