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.
28 Articles
28 Articles
Rieder's odds on the Polymarket forecast website jumped from 6% at the beginning of the week to 47% on Friday afternoon
Rick Rieder Emerges As Front-Runner In Fed Chair Race As Prediction Markets React To Trump Signals— And The Gap Is Wide - BlackRock (NYSE:BLK)
Prediction markets show BlackRock executive Rick Rieder surging ahead as President Donald Trump's leading pick for Federal Reserve chair after being interviewed, as a Justice Department probe into Chair Jerome Powell fuels growing concerns about political pressure and central bank independence.
BlackRock's executive, Rick Rieder, increased the chances of taking over the presidency of the Federal Reserve (Fed) thanks to the support of the markets for his candidacy and the reform measures he proposed for the central bank, which have been to Donald Trump's liking.According to Bloomberg, citing sources from the White House, Rieder reinforced his profile just before President Trump announced next week who will be the nominee to succeed Jero…
Rick Rieder is seen as having the ideal profile for the position of central banker and has also caught the attention of President Donald Trump with his numerous ideas for reforming the American monetary authority.
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- 40% of the sources are Center, 40% of the sources lean Right
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