Rieder's Star Is Rising as Possible Fed Pick: Bloomberg
Barrons·2026-01-18 18:06
Core Viewpoint - The candidacy of Rick Rieder, a senior executive at BlackRock, is gaining momentum as a potential nominee for the next Federal Reserve chair, currently held by Jerome Powell, whose term ends in May [1]. Group 1 - Rieder had a positive interview with President Trump, which has contributed to his rising candidacy [1]. - He is one of four candidates being considered for the position [1]. Group 2 - Prediction markets indicate an increase in Rieder's chances of being selected, with a notable rise in bets on him as the nominee [2]. - Rieder is currently positioned second in the betting odds, following another candidate, Kevin Warsh [2].