Traders on prediction markets pushed odds of BlackRock’s Rick Rieder becoming the next Federal Reserve chair to fresh highs as President Donald Trump’s decision nears.
Rieder, BlackRock’s bond chief, saw his odds surge to nearly 35% on Kalshi and around 34% on Polymarket on Thursday.
While he still trails White House economist Kevin Warsh overall, the gap narrowed over the past 24 hours as Warsh’s odds dropped 7% on Polymarket and 5% on Kalshi.
Trump could decide on the next Fed chair as early as next week, according to Treasury Secretary Scott Bessent.
Speaking to CNBC this week, Bessent said the selection process began in September, included eleven candidates, and has now been narrowed down to four finalists whom Trump has personally met.
Trump has signaled that he may already have made up his mind.
In comments to CNBC at Davos, Trump said the shortlist had narrowed from three to two and “maybe one” candidate after months of interviews. Trump described Rieder as “impressive” while praising all the contenders.
