Markets are closely watching the race to find the next Federal Reserve Chair, as current Chair Jerome Powell’s term ends in May 2026 and he has declined to confirm whether he will stay at the central bank after that.
Prediction markets now put BlackRock’s Rick Rieder as the leading contender to succeed Powell, with powerful backing from investors due to his experience and a dovish stance on interest rates.
Other top names being considered include economic adviser Kevin Hassett, Fed Governor Christopher Waller, and former Fed Governor Kevin Warsh — with President Trump expected to make a nomination decision soon that could influence interest-rate policy and risk sentiment across financial and crypto markets
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