Rick Rieder’s Fed chair odds jump to 33% after Trump endorsement
BlackRock fixed income chief Rick Rieder’s odds of being nominated Fed chair rose to 33% on Kalshi, double from earlier this week after President Trump’s praise. Rieder is a finalist to succeed Jerome Powell when his term expires in May, a move that could reshape BlackRock’s fixed-income leadership.
1. Rieder’s Prospects for Federal Reserve Chair Strengthen
BlackRock fixed income chief Rick Rieder has seen his odds of being nominated Federal Reserve chair rise to 33%, roughly double the probability at the start of the week on the Kalshi predictions market. The surge followed President Donald Trump’s CNBC interview in which he described Rieder as "very impressive" after a private meeting. Rieder remains one of a small group of finalists vying to succeed Jerome Powell when his term expires in May, and market observers have noted that Trump’s public endorsement could be decisive as the candidate pool has already shrunk from 11 to just a handful.
2. Fink Dismisses AI Bubble Concerns
BlackRock CEO Larry Fink told reporters he "sincerely believes" there is no bubble in artificial intelligence investments, countering recent market speculation. In remarks published by Bloomberg, Fink argued that AI represents a long-term structural shift in computing and asset management, rather than a speculative fad. BlackRock’s own exposure to AI themes through its systematic investment strategies and data-driven platforms underscores his confidence in steady growth rather than frothy valuations.