Rick Rieder Leads Fed Chair Race, Polymarket Odds Climb

Rick Rieder’s likelihood of succeeding as the next Federal Reserve Chair rose to 58% on Polymarket, prompting shifts in predictions among candidates like Jerome Powell and Kevin Warsh.

Rieder’s potential chairmanship could affect markets, especially risk-on assets like Bitcoin and Ethereum, as his preference for lower rates might influence monetary policy trends.

Rieder’s Rise: 58% Odds for Fed Chair Position

Rick Rieder’s candidacy for the Federal Reserve Chair has gained traction as Polymarket predicts a 58% likelihood of him assuming the role. Jerome Powell, the current Chair, sees his odds decrease to 28%, while Kevin Hassett and Kevin Warsh trail with lower probabilities. President Trump‘s recent meetings with candidates led to widespread speculation, particularly given his praise for Rieder.

“You get the mortgage rate down, you create velocity of housing,” Rieder has noted, indicating his strategy for lower federal funds rates if his candidacy succeeds. His advocacy for indirect rate impact strategies, such as reducing mortgage rates, indicates potential shifts in economic policies. Rieder’s stance could favor risk assets like BTC and ETH, reflecting his approach to stimulate economic growth through lower rates.

Community response has been mixed, with significant attention drawn to Polymarket’s changing odds. Hassett called Rieder “the best bond guy”, increasing market chatter. However, some investors express concern over the Fed’s independence, echoing Trump’s frustrations over perceived external pressures on Federal policies.

Crypto Market Prepared for Policy Shifts Amid Fed Transition

Did you know? In 2018-2020, Trump’s advocacy for lower rates amidst Fed tensions led to market volatility, impacting BTC and ETH.

Bitcoin (BTC) is priced at $89,401.13, with a market cap of $1.79 trillion. It holds a market dominance of 59.16% and shows a 24-hour price change of 0.23% with a daily trading volume drop of 12.10% to $31.34 billion, reports CoinMarketCap.

Coincu research team indicates that Rieder’s potential appointment could drive shifts in financial policy, impacting market liquidity and regulatory dynamics. Lowering rates might bolster cryptocurrency assets, aligning with Rieder’s previous macroeconomic strategies.