currency hedge
Search documents
He Could Be the Next Fed Chief and He Says to Add These Two Assets to Your Portfolio
Yahoo Financeยท 2025-10-11 08:00
Group 1 - A new candidate, Rick Rieder from BlackRock, is being considered to replace Federal Reserve Chairman Jerome Powell when his term ends in May 2026 [1] - Rieder is favored for his understanding of macroeconomics and financial markets, and he advocates for a 50 basis point cut in interest rates, which aligns with the Trump administration's preferences [2] - A more aggressive rate-cutting cycle is expected to positively impact stock prices [2] Group 2 - Rieder suggests that investors should diversify their portfolios by adding gold and Bitcoin as non-stock assets [3] - He recommends allocating 3% to 5% of investment portfolios to gold, which has risen 52% this year, reaching over $4,000 an ounce [4][5] - Bitcoin has also seen a 31% increase in value, currently trading around $120,000, although it is known for its price volatility [5] Group 3 - If Rieder becomes Fed chair, he is likely to adopt a more favorable stance towards Bitcoin and cryptocurrencies, aligning with the Trump administration's pro-crypto agenda [8] - Rieder's advocacy for aggressive rate cuts could further drive the price of gold higher [8]