BlackRock's Global Debt Instruments Investment Director Rick Reader has emerged as the leading candidate for the position of Chair of the United States Federal Reserve (Fed). His odds on the Polymarket prediction platform have increased from 6% to 54% in about a week. The Financial Times noted: U.S. President Donald Trump has repeatedly clashed with the current head of the regulator, Jerome Powell. At the same time, the politician stated that he will announce his choice 'in the not-too-distant future'.

According to several individuals familiar with the situation, representatives from the U.S. Treasury have recently been polling major bond investors about Reader, and former Fed Board member Kevin Warsh, who is also considered a strong contender, has confirmed these contacts.$XRP

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