BlackRock CIO Rick Rieder mentioned as a candidate for next Fed chair

Source
JH Kim

Summary

  • It said Rick Rieder, BlackRock’s chief investment officer (CIO), is drawing attention as a candidate for the next chair of the U.S. Federal Reserve (Fed).
  • It said that on prediction market Polymarket, the probability of Rick Rieder becoming Fed chair is estimated at about 35%.
  • It said U.S. President Donald Trump noted he could decide on the Fed chair selection within the next few weeks, and that even figures from Wall Street are being discussed as candidates.

According to Walter Bloomberg, an economic news flash account, on the 22nd (local time), Rick Rieder, chief investment officer (CIO) at BlackRock, is drawing attention as a candidate for the next chair of the U.S. Federal Reserve (Fed).

On prediction market Polymarket, the probability of Rieder becoming Fed chair is estimated at about 35%. That is the second-highest figure after Kevin Warsh, a former Fed governor.

With U.S. President Donald Trump saying he could make a decision “within the next few weeks” regarding the Fed chair selection, financial markets are discussing a slate of potential candidates that includes not only current and former Fed officials but also figures from Wall Street.

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Photo=Shutterstock
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JH Kim

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