BlackRock's Rick Rieder now has a 43% chance to become Federal Reserve Chair as President Trump considers appointing him amid fluctuating odds.

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In a significant shift, BlackRock’s Chief Investment Officer Rick Rieder has emerged as the leading candidate for the Federal Reserve Chair. As of January 23, 2026, Rieder’s odds on Polymarket rose from 3% to 43%.

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President Trump reportedly favors Rick Rieder for the role, raising his ranking above Kevin Warsh and Chris Waller. The President described Rieder as very impressive, boosting his candidacy for the position.

Market Influence

Rieder’s potential appointment as Fed Chair could drastically influence financial markets. His known advocacy for lowering the federal funds rate may spur changes, affecting crypto assets like BTC and ETH.

“I believe lowering the federal funds rate to around 3% can significantly reduce mortgage rates, allowing for greater labor mobility and unlocking housing value.” — Rick Rieder, Chief Investment Officer, BlackRock

The move may lower mortgage rates and enhance sectorial dynamics in housing and finance. Financial experts observe a strong correlation between Fed policy and economic behaviors.

Historical Context

Historically, a BlackRock CIO like Rick Rieder leading the Fed is unprecedented. Current board members like Waller typically fill the role, challenging traditional expectations.

Rieder’s stance on rate adjustments and potential yield curve control could reshape fiscal strategies. Market participants predict increased economic activity due to these proposed changes.