Odds of BlackRock CIO becoming next Fed chair peak ahead of Trump call

Prediction market odds for BlackRock's Chief Investment Officer (CIO) of Global Fixed Income, Rick Rieder, to become the next Federal Reserve chair have reached new highs, with probabilities nearing 35% on platforms like Kalshi and Polymarket. This surge comes as President Donald Trump nears a decision, which Treasury Secretary Scott Bessent suggested could happen as early as next week. Rieder is narrowing the gap with frontrunner Kevin Warsh, whose odds have recently declined. Trump has indicated the selection process, which started with eleven candidates, is down to two or possibly one finalist, and he has previously described Rieder as "impressive."

(Source：Crypto Briefing)