BlackRock's Rick Rieder Gains 32% Nomination Odds to Lead the Federal Reserve

Rick Rieder, BlackRock's CIO of Global Fixed Income, has emerged as a leading candidate to succeed Jerome Powell. According to Polymarket, his nomination odds rose from single digits earlier this month to 32% as of Thursday, trailing Kevin Warsh at roughly 44%, after Bloomberg reported a Thursday Oval Office meeting. Rieder's policy stance includes a 3% neutral rate and a more flexible view on deficits.