Prediction markets currently favor Rick Rieder, BlackRock’s CIO, as the likely nominee for Federal Reserve Chair following Jerome Powell's term. Former frontrunner Kevin Hassett has fallen out of favor after Trump indicated a preference for Rieder, who is seen as willing to implement changes at the Fed. Lower interest rates under new leadership could boost liquidity and risk appetite, benefiting cryptocurrencies like Bitcoin and Ethereum, but ongoing political pressure on the Fed poses risks.
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[IMPORTANT] Prediction Markets Favor BlackRock’s Rick Rieder as Trump’s Top Fed Chair Candidate
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