Rick Rieder, BlackRock’s chief investment officer of global fixed income, is gaining traction in the race to become the next chair of the Federal Reserve, according to a Bloomberg report citing sources familiar with White House deliberations.
Odds shift on Polymarket
Polymarket data shows Rieder’s implied odds rising to 60%, up from 6% earlier in the week.
Former Fed official Kevin Warsh remained second at 28%.
Why Trump is paying attention
The report said President Donald Trump has been receptive to Rieder’s ideas for overhauling the Fed.
Rieder’s candidacy is also notable because he has never worked at the central bank, which the report framed as making him appear less institutionally entrenched than other finalists.
Shortlist and market reaction
Rieder is one of four contenders, alongside White House National Economic Director Kevin Hassett, Fed Governor Chris Waller, and Warsh.
Bond market participants have responded positively as Trump administration officials sought feedback from investors on the shortlist.
Bitcoin angle via BlackRock
Rieder’s rise comes as BlackRock remains the dominant U.S. spot bitcoin ETF issuer through IBIT, and the firm’s footprint in the market has continued to expand.
Separate from the Fed-chair speculation, Rieder has previously argued that bitcoin belongs in an “ideal portfolio,” a view that has circulated widely in recent commentary about the shortlist.
