BlackRock's Rieder Is Frontrunner for Powell Replacement. Here's What It Means for Crypto

The market thinks BlackRock's Rick Rieder will be the next Fed chair. Here's what's at stake

A five-month process of finding the next Fed chair appears to be down to its final days, with one candidate emerging as the betting favorite.

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…

BlackRock's Rieder is frontrunner for Powell replacement. Here's what it means for crypto

As Trump mulls the next leader of the U.S. Federal Reserve, the BlackRock executive has caught a surge of online wagers, and he'd bring a pro-crypto view.

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 …

Prediction Markets Point to BlackRock Executive as Likely Fed Chair

Prediction markets, including Polymarket and Kalshi, have positioned Rick Rieder, BlackRock’s Chief Investment Officer, as the most likely candidate to succeed Jerome Powell as head of the Federal Reserve in May. Rieder’s momentum, currently sitting at 45% odds according to bettors, surged following recent statements by President Donald Trump at the World Economic Forum in Davos. The President described the executive as “very impressive,” sugges…