The post Prediction Market Signal BlackRock Executive as Trump’s Fed Pick appeared on BitcoinEthereumNews.com.

Federal Reserve Chair Jerome Powell will see his term end in May of this year. However, prediction market users are already placing their bets on who US President Donald Trump will pick as his replacement. Thought to be Kevin Hassett at one point, momentum has now shifted towards BlackRock Chief Investment Officer Rick Rieder. Sponsored Markets Read Trump’s Davos Signals Rieder is currently polling strongly on prediction platforms. Markets on both Polymarket and Kalshi give him a 45% chance of securing the nomination, ranking him above other candidates such as Fed Governor Christopher Waller and former Fed official Kevin Warsh.  Rick Rieder leads polls on favored Fed Chair pick. Source: Kalshi. At first glance, this may seem like an unremarkable bet, given the Trump administration’s long history of signaling potential Fed picks. However, in a recent CNBC interview at the World Economic Forum in Davos, Trump referred to the BlackRock executive as “very impressive.” “I’d say we’re down to three, but we’re down to two. And I can probably tell you, we’re down to maybe one, in my mind,” Trump said. Speculation indicated that Rieder is the favorite.  Sponsored According to Bloomberg, Rieder stands out from other contenders for several reasons. Unlike Waller or Warsh, he has never worked at the Federal Reserve and is therefore seen as less tied to the institution. Rieder has also signaled a willingness to implement changes at the Fed. However, it wouldn’t be the first time Trump said he had made up his mind over a candidate.   Why Hassett Fell Out Of Favor A month ago, Hassett emerged as the leading rumored choice to replace Powell.  As director of the US National Economic Council (NEC), he consistently expressed dovish views on interest rates, aligning his economic outlook closely with Trump’s agenda. Sponsored Given that…

---

Filed under: News - @ January 26, 2026 11:23 pm