Prediction markets on Polymarket and Kalshi have placed BlackRock Chief Investment Officer Rick Rieder as the clear frontrunner to become the next Chair of the Federal Reserve, assigning him a 43-45% probability following explicit praise from President Donald Trump at the World Economic Forum in Davos.
This surge displaces former favorite Kevin Hassett, whose odds collapsed to 8% after Trump signaled a preference to keep him in his current White House role. Rieder’s potential nomination r