rieder

According to Jinshi reports, BlackRock's Chief Investment Officer Rick Rieder stated that the Federal Reserve should cut interest rates and believes they will take this action as well.

According to Polymarket data, the two most likely candidates to succeed the Federal Reserve Chair have reversed again, with Kevin Warsh's probability of taking office soaring to 85%, while BlackRock's Chief Investment Officer for Global Fixed Income, Rieder, has seen his probability drop to 8%.

According to Fortune, in the past two weeks, Rick Rieder's odds of becoming the next Federal Reserve Chair on Polymarket have surged to nearly 50%, clearly leading over the second-ranked Kevin Warsh (29%) and the third-ranked Christopher Waller (6%). Rieder's career has been almost entirely on the front lines of the global bond market, working as a trader and asset manager, deeply involved in the market, interpreting and profiting from central bank policy signals. Simply put, no one understands the bond market better than Rick Rieder. And in Trump's policy decision-making, nothing is more important than "whether the bond market is up or down."Currently, Rieder is responsible for BlackRock's global fixed income business, managing up to $2.4 trillion, which accounts for about one-sixth of the $14 trillion in assets under management at the world's largest asset management firm. A former CEO who worked with Rieder described him as "extremely personable" and stated that Rieder "has a very good understanding of how the market operates and is able to maintain independent judgment."If Rieder takes over as Federal Reserve Chair in May, he will face extremely daunting challenges. His stance on the federal funds rate has long been clear and is more aligned with Trump's camp. In an interview with CNBC on January 12, Rieder stated, "The Fed needs to lower rates to 3% (currently 3.50%--3.75%), which I believe is closer to a balanced level." The problem is that the Fed is currently implementing two policies that could potentially raise inflation. In mid-December last year, the central bank reversed its previous quantitative tightening (QT) policy. Additionally, the Fed is also reducing the amount of reserves that banks must hold at the central bank.

As a seasoned Wall Street professional, Rick Rieder is seen as bringing a market-focused approach to the Federal Reserve. Last September, he advocated for a more aggressive 50 basis point rate cut, rather than the 25 basis point gradual pace favored by the Fed at the time. At the same time, he opposed the central bank's forward guidance on future interest rate movements, known as the "dot plot."Economists at Evercore ISI, including Krishna Guha, wrote earlier this week, "He will hold a dovish rate stance and may advocate for three rate cuts this year."Currently, the interest rate swap market is pricing in less than two 25 basis point cuts by 2026. However, in the SOFR options market, there has been a surge of positions that would benefit from multiple rate cuts, targeting a federal funds rate as low as 1.5% by the end of this year, well below the current interest rate swap market pricing of about 3.2%.

According to CoinDesk, Rick Rieder, the Chief Investment Officer of Global Fixed Income at BlackRock and a popular candidate for the Federal Reserve Chair, has stated that Bitcoin will replace gold and has suggested that investors hold Bitcoin in their portfolios. In the prediction market, Rieder's chances of being elected have quickly risen to the top, and he has publicly supported cryptocurrencies multiple times.As early as 2020, when digital assets were still in their infancy, he stated in an interview with CNBC that Bitcoin would replace gold as a store of value, "because it is much easier to transfer than a gold bar." Recently, he mentioned in the same media that Bitcoin should be part of a smart portfolio, calling both Bitcoin and gold "assets that can provide a certain stability to a portfolio." At that time, Bitcoin was still above $112,000, and he predicted that "it will continue to rise." Currently, the price of Bitcoin is around $88,000, having recently dropped due to potential tariff measures and other geopolitical turmoil.Rick Rieder has publicly expressed dissatisfaction with the Federal Reserve's slow pace of interest rate cuts, similar to Trump. In a recent interview during Trump's time in Davos, Trump praised him as "very outstanding." Currently, the probability of betting on Rick Rieder becoming the next Federal Reserve Chair on Polymarket is 46%.

According to Polymarket data, regarding the successor to the Federal Reserve, the implied probability for BlackRock's Chief Investment Officer of Global Fixed Income, Rieder, is 47%, higher than former Federal Reserve Governor Kevin Warsh's 28%, current Federal Reserve Governor Christopher Waller's 9%, and White House National Economic Advisor Kevin Hassett's 8%.The total trading volume for this event exceeds $250 million, and the chart shows that Rieder's pricing curve accelerated upward in January, surpassing competitor Kevin Warsh on January 23.

"1011 Insider Whale" agent Garrett Jin posted on platform X that the probability of BlackRock executive Rick Rieder becoming the next Federal Reserve Chairman has risen to 59.9%, significantly ahead of Kevin Warsh (22%). It is reported that Trump has completed the interview and has a clear preference. Rick Rieder is recognized for his central bank-level composure and bold ideas for Federal Reserve reform, with results expected to be announced as soon as next week.If elected, there will be two major benefits: first, the promotion of RWA on-chain will proceed more smoothly, with reduced regulatory friction and accelerated institutional capital inflow; second, the stability of U.S. Treasuries and the bond market will be enhanced, improving the efficiency of Treasury issuance and aiding in balance sheet recovery, aligning with the current government's policy orientation. Market views suggest that Rick Rieder leading the Federal Reserve would be a huge positive for RWA and ETH, with the RWA narrative expected to gain further momentum.

According to Jinshi, potential candidate for Federal Reserve Chairman and BlackRock Chief Investment Officer Rick Rieder stated that the Federal Reserve must lower interest rates to 3%.

ChainCatcher news, according to market news, informed officials say that BlackRock's Global Fixed Income Chief Rick Rieder has recently been rising in the rankings among candidates for Federal Reserve Chair. U.S. Treasury Secretary Scott Bessent met with Rieder for about two hours in New York last Friday to discuss topics such as monetary policy, the Federal Reserve's organizational structure, and regulation; currently, 4 out of 11 public candidates have been interviewed, and the list may increase by 1-2 more, with the selection process still ongoing. Earlier, Rieder stated in an interview that based on his interpretation of economic indicators, the Federal Reserve "should cut rates by 50 basis points."