Rick Rieder Federal Reserve Chair Nomination

Reference TimelineLast updated FEB 22
SUMMARY

On January 30, 2026, President Donald Trump nominated Kevin Warsh, a former Federal Reserve governor, as the next chair of the Federal Reserve, concluding speculation that Rick Rieder was the frontrunner. As of January 30, 2026: Warsh's nomination ends Rieder's candidacy for the position. Rieder, a BlackRock executive, had been considered a finalist after interviewing with President Trump and receiving a public endorsement on January 26, 2026, despite facing scrutiny over political donations and lacking traditional Fed experience. Rieder, who manages approximately $2.4 trillion in assets, had expressed expectations for the Fed's benchmark lending rate to drop to 3% from its current 3.5-3.75% range.

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January 2026 20 developments

  1. President Donald Trump has nominated Kevin Warsh, a former Federal Reserve governor and critic of th…

    President Donald Trump has nominated Kevin Warsh, a former Federal Reserve governor and critic of the central bank, as the next chair of the Federal Reserve, concluding speculation that Rick Rieder was the frontrunner.

  2. Rick Rieder is facing scrutiny over his history of political donations to both Trump's rivals and prominent Democrats, which may complicate his nomination for Federal Reserve Chair.

    Rick Rieder is facing scrutiny over his history of political donations to both Trump's rivals and prominent Democrats, which may complicate his nomination for Federal Reserve Chair.

  3. Rick Rieder, a candidate for Federal Reserve Chair, has been identified as a vocal supporter of Bitcoin, emphasizing its practicality and potential as a store of value.

    Rick Rieder, a candidate for Federal Reserve Chair, has been identified as a vocal supporter of Bitcoin, emphasizing its practicality and potential as a store of value. This stance is seen as potentially beneficial for the cryptocurrency.

  4. Rick Rieder's candidacy for Federal Reserve Chair is strengthened by his alignment with the Trump ad…

    Rick Rieder's candidacy for Federal Reserve Chair is strengthened by his alignment with the Trump administration's objectives on interest rates and his advocacy for interest rate cuts.

  5. BlackRock executive Rick Rieder is a finalist for the U.

    BlackRock executive Rick Rieder is a finalist for the U.S. Federal Reserve Chair position, having interviewed with President Trump. Rieder, who leads BlackRock's global fixed-income investments, is noted for his lack of traditional Fed experience, which some view as an advantage. He has expressed expectations for the Fed's benchmark lending rate to drop to 3% from its current 3.5-3.75% range.

  6. If appointed, Rick Rieder would be the first Federal Reserve chair without formal economics training or prior experience at the Federal Reserve.

    If appointed, Rick Rieder would be the first Federal Reserve chair without formal economics training or prior experience at the Federal Reserve.

  7. President Trump publicly described Rick Rieder as "very impressive," which significantly boosted Rieder's odds of being nominated for Federal Reserve Chair.

    President Trump publicly described Rick Rieder as "very impressive," which significantly boosted Rieder's odds of being nominated for Federal Reserve Chair. This direct endorsement from the President is a new development in the nomination process.

  8. Treasury Secretary Scott Bessent stated that President Trump could nominate the next Federal Reserve chairman as soon as this week.

    Treasury Secretary Scott Bessent stated that President Trump could nominate the next Federal Reserve chairman as soon as this week.

  9. Rick Rieder, a senior executive at BlackRock, manages approximately $2.

    Rick Rieder, a senior executive at BlackRock, manages approximately $2.4 trillion in assets focused on bonds and other fixed-income investments, and has served in advisory positions without holding a public policymaking role.

  10. On January 26, 2026, Rick Rieder continued to lead prediction markets for Federal Reserve Chair with…

    On January 26, 2026, Rick Rieder continued to lead prediction markets for Federal Reserve Chair with a 47% probability, with Kevin Warsh trailing at 28% and Christopher Waller and Kevin Hassett also mentioned.

  11. Rick Rieder's likelihood of nomination for Federal Reserve Chair has surged to 50% on PredictIt, making him the most prominent candidate.

    Rick Rieder's likelihood of nomination for Federal Reserve Chair has surged to 50% on PredictIt, making him the most prominent candidate. This represents a significant increase from his 6% probability just a week prior.

  12. Polymarket data from January 24 indicated Rick Rieder's probability of becoming Federal Reserve Chai…

    Polymarket data from January 24 indicated Rick Rieder's probability of becoming Federal Reserve Chair had reached 59%, a significant increase from previously reported figures for that day.

  13. Rick Rieder's odds on Polymarket surged from 6% earlier this week to 34% as of Friday morning.

    Rick Rieder's odds on Polymarket surged from 6% earlier this week to 34% as of Friday morning.

  14. Rick Rieder's understanding of the bond market and fresh perspective on demographics could stabilize the bond market as Fed Chair.

    Rick Rieder's understanding of the bond market and fresh perspective on demographics could stabilize the bond market as Fed Chair. His thesis that lower rates reduce baby boomer spending power challenges conventional policy thinking.

  15. President Trump is now anticipated to nominate a new Federal Reserve Chair within days, narrowing the timeline for the decision.

    President Trump is now anticipated to nominate a new Federal Reserve Chair within days, narrowing the timeline for the decision. Rick Rieder remains a favored candidate in prediction markets.

  16. President Trump has reportedly narrowed his search for the next Federal Reserve chair to four finalists.

    President Trump has reportedly narrowed his search for the next Federal Reserve chair to four finalists. Rick Rieder's nomination odds on Polymarket surged to 47%, while former front-runner Kevin Warsh saw his odds drop.

  17. Following public praise from Donald Trump, Rick Rieder's odds of becoming the next Fed Chair significantly increased on prediction markets like Kalshi and Polymarket.

    Following public praise from Donald Trump, Rick Rieder's odds of becoming the next Fed Chair significantly increased on prediction markets like Kalshi and Polymarket. His chances on Polymarket rose to 33.1%-35%, placing him second behind Kevin Warsh.

  18. Rick Rieder's interview at the White House took place, focusing on topics such as Fed profitability and monetary policy stability.

    Rick Rieder's interview at the White House took place, focusing on topics such as Fed profitability and monetary policy stability. This was reported as the final interview before the president makes his decision.

  19. Reports indicated that Rick Rieder was scheduled to be interviewed at the White House as a potential successor to Jerome Powell.

    Reports indicated that Rick Rieder was scheduled to be interviewed at the White House as a potential successor to Jerome Powell. He was identified as the fourth and final candidate Trump was expected to interview for the position.

  20. Rick Rieder released a note stating that inflation appeared to be subsiding and that a softening lab…

    Rick Rieder released a note stating that inflation appeared to be subsiding and that a softening labor market suggested a need to shift away from restrictive monetary policy towards a more balanced approach. These comments align with market expectations for the Fed to begin easing monetary policy.

December 2025 1 developments

  1. Rick Reider will interview with President Trump at Mar-a-Lago next week.

    Rick Reider will interview with President Trump at Mar-a-Lago next week. The Trump Administration has narrowed its list of potential Federal Reserve nominees to include Kevin Warsh, Kevin Hassett, and Rick Rieder from BlackRock.

November 2025 1 developments

  1. The Trump administration will interview Rick Rieder as a potential candidate to succeed Powell.

    The Trump administration will interview Rick Rieder as a potential candidate to succeed Powell.

October 2025 2 developments

  1. Economists predict the Federal Reserve will likely lower its key interest rate by 25 basis points next week and again in December.

    Economists predict the Federal Reserve will likely lower its key interest rate by 25 basis points next week and again in December.

  2. Rick Rieder met with Treasury Secretary Scott Bessent to discuss the Federal Reserve Chair position, signaling his serious consideration for the role.

    Rick Rieder met with Treasury Secretary Scott Bessent to discuss the Federal Reserve Chair position, signaling his serious consideration for the role. Rieder's understanding of macroeconomics and financial markets, along with his call for a significant interest rate cut, aligned with then-President Trump's preferences.

July 2025 1 developments

  1. Rick Reider and Warsh are front-runners for Fed Chair.

    Rick Reider and Warsh are front-runners for Fed Chair. Rick Rieder will be a better independent Fed chair.