BlackRock (BLK) Chief Investment Officer of Global Fixed Income Rick Rieder is now considered a frontrunner to be selected by President Trump to lead the Federal Reserve.
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On prediction platform Polymarket, Rieder’s odds have more than quadrupled to 35% from 8% over the past week. Former Fed Governor Kevin Warsh leads all candidates with 42% odds, while current Governor Christopher Waller trails in third place at 12%.
Trump Says BlackRock’s Rieder is ‘Very Impressive’
Earlier this week, Trump said he had narrowed down his shortlist to two or three candidates. “And I probably can tell you, we’re down to maybe one, in my mind,” he told CNBC. Trump also said Rieder was “very impressive” after the pair sat down for a meeting.
Meanwhile, the odds of National Economic Council Director Kevin Hassett being selected have fallen to 6% from 15% over the past week after Trump emphasized that he would like him to remain in his current role.