Rieder odds rising for Fed chair after Trump calls BlackRock executive ‘very impressive’

Rieder odds rising for Fed chair after Trump calls BlackRock executive ‘very impressive’


Key Points
  • BlackRock fixed income chief Rick Rieder’s star is rising as a potential Federal Reserve chair following flattering remarks Wednesday from President Donald Trump.
  • Traders on the Kalshi predictions market raised the odds for Rieder getting the nomination to 33%, about double where they were at the beginning of the week.



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