Prediction Markets Signal BlackRock Executive as Trump’s Likely Fed Chair

With Federal Reserve Chair Jerome Powell's term ending in May, prediction markets on platforms like Polymarket and Kalshi now heavily favor BlackRock Chief Investment Officer Rick Rieder as Donald Trump's likely replacement, giving him a 45% chance of securing the nomination. This shift follows Trump's recent public praise of Rieder as "very impressive" at the World Economic Forum in Davos. Rieder is viewed as less tied to the Federal Reserve than other contenders like Christopher Waller or Kevin Warsh, and has signaled openness to changes. Previously, Kevin Hassett was the leading candidate due to his dovish views aligning with Trump's agenda, but his odds have dropped significantly after Trump indicated a preference to keep him at the NEC. Trump has made it clear he desires lower interest rates, which, if implemented by a new Fed Chair, could boost liquidity and potentially benefit Bitcoin and Ethereum; however, continued political pressure on the Fed's independence could introduce market volatility.

(Source：BeInCrypto)