Rick Rieder Emerges as Frontrunner for Fed Chair Amid Shifting Market Sentiment
BlackRock’s Rick Rieder has surged ahead in betting markets as the favored candidate to replace Jerome Powell as Federal Reserve Chair. Polymarket traders currently price Rieder’s odds at 49%, outpacing Kevin Warsh (28%) and Christopher Waller (10%). Kalshi data shows even stronger conviction, with Rieder at 50%.
The fixed income veteran’s $2T+ asset management experience at BlackRock and dovish rate views resonate with markets. His Wall Street credibility—particularly on housing and monetary policy—contrasts with Warsh’s more hawkish reputation.
Market reactions suggest Rieder’s potential appointment could buoy risk assets, including cryptocurrencies. Traders appear to interpret his policy leanings as conducive to liquidity conditions favoring BTC, ETH, and altcoins.
