Rick Rieder has emerged as the leading candidate to become the next Chair of the U.S. Federal Reserve, according to betting data from Polymarket. His odds have climbed above 50%, placing him ahead of other potential nominees.
Rieder is a senior executive at BlackRock, where he oversees more than $2.4 trillion in assets. Reports say he recently impressed former President Donald Trump during an interview, boosting his chances.
On Polymarket, Rieder’s odds stand at about 51%. He leads Kevin Warsh, who holds roughly 31%, while Kevin Hassett trails at around 6%. A similar poll on Kalshi shows Rieder at 52% and Warsh at 29%.
Other possible candidates, including Christopher Waller, Scott Bessent, and Judy Shelton, have seen their odds decline. This suggests growing market confidence in Rieder as the top choice.
Rieder has drawn attention for his views on monetary policy. He has argued for deeper interest rate cuts and said the Federal Reserve should have reduced rates by 50 basis points instead of 25.
He is also known for supporting Bitcoin. Rieder has said investors may benefit from holding assets like stocks, Bitcoin, and gold as part of a diversified portfolio.
Despite this, the Fed Chair does not directly regulate crypto markets. The role mainly focuses on monetary policy, such as interest rates and liquidity conditions.
Rieder’s rising odds come as the Federal Reserve prepares for its first rate decision of the year. Most economists expect the Fed to keep interest rates unchanged at this meeting.
