- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
Earn- More
Federal Reserve Chair Contender Rick Rieder Oversees BlackRock's $2.4 Trillion Assets, Seen as America's Bond Market Guru
BlockBeats News, January 28th: According to Fortune, over the past two weeks, the probability of Rick Rieder becoming the next Chair of the Federal Reserve on Polymarket has rapidly surged to nearly 50%, significantly ahead of second-ranked Kevin Warsh (29%) and third-ranked Christopher Waller (6%). Rieder's career has been almost entirely on the front lines of the global bond market, as a trader and asset manager, actively participating in the market, interpreting, and profiting from central bank policy signals. Simply put, no one understands the bond market better than Rick Rieder. And in Trump's policy decisions, nothing is more important than "whether the bond market is up or down."
Currently, Rieder is responsible for BlackRock's global fixed income business, managing a whopping $2.4 trillion, approximately one-sixth of this global asset management giant's $14 trillion in assets under management. A former CEO who worked with Rieder described him as "extremely personable" and stated that Rieder "has a great understanding of how the markets work and is able to maintain independent judgment."
If Rieder were to take over as Chair of the Federal Reserve in May, he would face an extremely tough challenge. His position on the federal funds rate has long been clear and is closer to the Trump camp. In an interview with CNBC on January 12th, Rieder stated: "The Fed needs to bring rates down to 3% (currently at 3.50%-3.75%), I think that's closer to equilibrium." The issue is that the Federal Reserve is already implementing two policies that could push up inflation. In mid-December last year, the central bank reversed its previous quantitative tightening (QT) policy. Additionally, the Fed is also reducing the size of reserves banks are required to hold at the central bank.
You may also like
Canadian Regulator Establishes Stricter Crypto Custody Standards to Mitigate Losses
Key Takeaways: The Canadian Investment Regulatory Organization (CIRO) introduces a Digital Asset Custody Framework aimed at enhancing the…
Bitmine Chair Tom Lee Brushes Off ETH Treasury Losses, Questions ETF Scrutiny
Key Takeaways Bitmine chairman Tom Lee defends the company’s Ethereum treasury strategy amid market downturns, citing long-term planning.…
Aave Goes All-In on DeFi, Shuts Down Avara Brand and Family Wallet
Key Takeaways Aave is consolidating under Aave Labs, phasing out the Avara brand and Family wallet. The shift…
American ‘Big Short’ Investor Michael Burry Warns of $1B Precious Metals Catastrophe if Bitcoin Keeps Slipping
Key Takeaways Michael Burry predicts a significant sell-off in precious metals if Bitcoin prices continue to decline. Bitcoin’s…
Best Crypto to Buy Now February 3 – XRP, PEPE, Dogecoin
Key Takeaways The crypto market recently saw a significant decline, considerably affecting Bitcoin and revealing the ecosystem’s dependency…
We Hacked Elon’s Grok AI to Predict the Price of XRP, Solana, and Bitcoin By the End of 2026
Key Takeaways Grok AI predicts significant bullish trends for XRP, Solana, and Bitcoin by 2027. XRP is projected…
Solana Price Prediction: RSI Screams Oversold at $100 – Is the Market About to Snap Back Hard?
Key Takeaways Solana’s RSI indicates an oversold condition, signaling a potential upward swing from the $100 level. Historical…
Vitalik Buterin Engages as Developers Add Frame Transactions to Ethereum’s Upcoming Upgrade
Key Takeaways: Ethereum developers are contemplating Frame Transactions as a headline feature in the upcoming Hegota upgrade, with…
Crypto Price Predictions for 3 February – XRP, Solana, and Pi Coin
Key Takeaways February is historically a strong month for Bitcoin, suggesting potential recovery for altcoins following a challenging…
Cathie Wood’s Ark Invest Ventures Into Crypto Dip With Strategic Bitmine and Circle Acquisitions
Key Takeaways Ark Invest’s Strategic Purchases: Cathie Wood’s Ark Invest capitalizes on a crypto slump by investing in…
Nevada Moves to Block Coinbase Prediction Markets Post-Polymarket Ban
Key Takeaways: Nevada regulators have lodged a civil complaint against Coinbase to halt its prediction markets. The state’s…
Asia Market Open: Bitcoin Decreases 3% To $76K As Asian Markets Follow U.S. Tech Selloff
Key Takeaways Recent market shifts saw Bitcoin decrease by 3% to $76,000 amid a broader tech sector decline…
Untitled
I’m sorry, but I’m unable to rewrite the article without the original text or content to reference. Could…
Moscow Exchange Plans Solana, Ripple, and Tron Futures as Crypto Index Suite Expands
Key Takeaways Moscow Exchange is set to broaden its cryptocurrency offerings by introducing futures for Solana, Ripple, and…
Bitcoin Price Prediction: Binance Acquires $100M BTC – Preparing $1 Billion Further Investment
Key Takeaways Binance is undertaking a $1 billion accumulation strategy, starting with a $100 million Bitcoin purchase. Their…
XRP Price Prediction: Ripple Backs the Tokenization of $280M in Diamonds on XRPL
Key Takeaways Ripple plans to enhance diamond investment accessibility by tokenizing $280 million worth of diamonds on the…
Galaxy Analyst Warns Bitcoin Could Drop to $63K Due to Ownership Gap
Key Takeaways Bitcoin faces a potential drop to $63,000 due to a significant gap in onchain ownership identified…
Cardano Price Forecast: ADA Reaches Critical Level That Previously Triggered Explosive Rallies—Will It Happen Again?
Key Takeaways: Cardano, after a significant liquidation event, is retesting a critical historical support level, creating an opportunity…
Canadian Regulator Establishes Stricter Crypto Custody Standards to Mitigate Losses
Key Takeaways: The Canadian Investment Regulatory Organization (CIRO) introduces a Digital Asset Custody Framework aimed at enhancing the…
Bitmine Chair Tom Lee Brushes Off ETH Treasury Losses, Questions ETF Scrutiny
Key Takeaways Bitmine chairman Tom Lee defends the company’s Ethereum treasury strategy amid market downturns, citing long-term planning.…
Aave Goes All-In on DeFi, Shuts Down Avara Brand and Family Wallet
Key Takeaways Aave is consolidating under Aave Labs, phasing out the Avara brand and Family wallet. The shift…
American ‘Big Short’ Investor Michael Burry Warns of $1B Precious Metals Catastrophe if Bitcoin Keeps Slipping
Key Takeaways Michael Burry predicts a significant sell-off in precious metals if Bitcoin prices continue to decline. Bitcoin’s…
Best Crypto to Buy Now February 3 – XRP, PEPE, Dogecoin
Key Takeaways The crypto market recently saw a significant decline, considerably affecting Bitcoin and revealing the ecosystem’s dependency…
We Hacked Elon’s Grok AI to Predict the Price of XRP, Solana, and Bitcoin By the End of 2026
Key Takeaways Grok AI predicts significant bullish trends for XRP, Solana, and Bitcoin by 2027. XRP is projected…
App