US EditionBlackRock’s Rick Rieder bid for Fed chair is gaining traction
Rick Rieder, BlackRock’s global fixed income chief, gained strong support with prediction-market odds rising from 3% to 30% amid Trump’s selection process for Fed chair.
- On Thursday, President Donald Trump interviewed Rick Rieder, BlackRock's chief investment officer of global fixed income, who left a positive impression as one of four finalists for Fed chair; the White House said Trump will announce his decision soon.
- The DOJ's subpoena, issued last week, sparked bipartisan backlash and threats to oppose nominations as Rick Rieder's candidacy gained momentum amid congressional scrutiny.
- Rick Rieder told CNBC he expects the Fed's benchmark lending rate to drop to 3% from 3.5-3.75%, lacks traditional Fed experience, and prediction markets place him behind Kevin Warsh.
- With Jerome Powell's term ending in May, any successor faces a tight confirmation window and must make a case for several rate cuts before the Federal Reserve's 12-person rate-setting committee.
- With midterm affordability worries rising, economists expect limited job opportunities this year, while Rieder views Fed independence as `critical` and echoes Treasury Secretary Scott Bessent on innovative balance sheet use.
12 Articles
12 Articles
keenesentinel.com
BlackRock’s Rick Rieder bid for Fed chair is gaining traction
WASHINGTON — The candidacy of BlackRock’s Rick Rieder to be the next Federal Reserve chair has gained late momentum, people familiar with the matter say, as President Donald Trump weighs congressional blowback in his bid to put a friendlier face…
Odds of BlackRock CIO becoming next Fed chair peak ahead of Trump call - Invest In Crypto News
Traders on prediction markets pushed odds of BlackRock’s Rick Rieder becoming the next Federal Reserve chair to fresh highs as President Donald Trump’s decision nears. Rieder, BlackRock’s bond chief, saw his odds surge to nearly 35% on Kalshi and around 34% on Polymarket on Thursday. While he still trails White House economist Kevin Warsh overall, the gap narrowed over the past 24 hours as Warsh’s odds dropped 7% on Polymarket and 5% on Kalshi. …
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CheckCryptoNewsOdds of BlackRock CIO becoming next Fed chair peak ahead of Trump call
The potential appointment of BlackRock's CIO as Fed chair could influence financial markets and policy direction, impacting economic stability. The post Odds of BlackRock CIO becoming next Fed chair peak ahead of Trump call appeared first on Crypto Briefing.
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