US EditionKey Prediction Market Putting Strong Odds on BlackRock's Rieder as Next Fed Chair
Prediction markets like Kalshi and Polymarket have surged behind Rieder, who manages $2.7 trillion in fixed income and is praised for his data-driven, risk-focused approach.
- Last week, prediction markets on Polymarket and Kalshi surged behind Rick Rieder, making him a leading contender to replace Jerome Powell, with Polymarket odds climbing from under 3% to almost 53%.
- Rieder’s BlackRock prominence and White House signals helped prompt wagers, with President Donald Trump praising him and officials showing interest, boosting his visibility to policymakers.
- Rieder’s Wall Street background and relentless market routine help explain his appeal, as colleagues describe his four-hour sleep limit and constant market monitoring from home and vacation.
- His stated preference for about 3% rates highlights potential policy shifts, and if appointed, the Federal Reserve Chair’s regulatory control could influence crypto industry rules despite White House market sensitivity.
- With the process entering its final days, markets remain uncertain as Ferguson said, `Only one person knows, and the rest of us are speculating`.
11 Articles
11 Articles
Inside the world of Rick Rieder, the $2.3 trillion insomniac who might soon run the Fed
Sometime in the early 1970s, a young Rick Rieder sat in his elementary school cafeteria, not eating. Instead, he stared at his lunch money—a quarter—and weighed the probability of an Oakland Raiders victory. He would obsess over microdata, like how the football team played on turf versus grass, searching for a marginal edge that would turn his 25 cents into fifty. Then, he’d bet. When he lost, he went hungry, he told podcaster and author William…
Key prediction market putting strong odds on BlackRock's Rieder as next Fed chair
BlackRock's chief bond investment manager Rick Rieder is now the clear favorite to succeed current Federal Reserve Chair Jerome Powell when his term is up, according to prediction market Kalshi.
Trump considers BlackRock manager Rick Rieder as new Fed chief (stock image - AI-generated) US President Donald Trump is considering BlackRock manager Rick Rieder as the new Fed chief. The nomination is causing considerable excitement in the financial markets – even before the US Federal Reserve's first interest rate decision this Wednesday. Rieder is chief investment officer for global fixed income at the US investment company BlackRock. The te…
Market thinks BlackRock's Rieder will next chair the Fed. What's at stake
The post Market thinks BlackRock’s Rieder will next chair the Fed. What’s at stake appeared on BitcoinEthereumNews.com. A five-month process of finding the next Federal Reserve chair appears to be down to its final days, with one candidate emerging as the betting favorite even as others remain in the mix. BlackRock fixed income chief Rick Rieder is seen by prediction markets as the frontrunner to replace Jerome Powell at the helm of the central …
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