Federal Reserve Chair Race Finals: Super Turnarounds Occur Frequently, BlackRock Executive Emerges as Dark Horse
Author: Zen, PANews
After much back and forth, Trump's nominee for Federal Reserve Chair is expected to be officially announced in about a week. This dramatic "selection process" took a surprising turn as it reached the final stage.
"The Federal Reserve must lower interest rates to 3% to be closer to equilibrium," said BlackRock Chief Fixed Income Investment Officer Rick Rieder in an interview with CNBC on January 13. "Only then can we consider the current situation."
Rieder's remarks also officially signaled the start of a dark horse's charge.
On that day, his probability of winning in prediction markets like Polymarket doubled from 3% to 6%; after Trump praised him highly at the Davos Forum, Rieder's win probability soared to 60%. As of January 29, Rieder and former
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PANews·01-29 10:23


