- 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
Why DePIN Is the Next Big Revolution in 2026-2028
Key Takeaways DePINs have emerged as a vital solution to the infrastructural demands of AI, moving from theoretical…
CLARITY Act Stalled: How Coinbase's Revolt Against U.S. Crypto Rules Could Freeze the Crypto Market (2026 Update)
Jan 2026: The CLARITY Act imploded when Coinbase opposed Senate's stablecoin yield ban. Explore the 3 'poison pills' that froze crypto regulation and moved markets.
Crypto Users Face Threat from Massive 149 Million Credential Infostealer Data Breach
Key Takeaways: A massive data breach involving 149 million records was discovered, posing rising risks for crypto users.…
Crypto Takeaways from Davos: When Politics and Finances Collide
Key Takeaways Trump’s Geopolitical Crypto Push: U.S. President Trump emphasized the urgency of crypto regulation as a geopolitical…
Ether treasury ETHZilla acquires aircraft engines amid a new tokenization strategy
Key Takeaways: ETHZilla has shifted focus by purchasing two aircraft engines for $12.2 million, aligning with its new…
A16z-Supported Crypto Venture Entropy Winds Down, Returns Investor Funds
Key Takeaways Entropy, a startup supported by Andreessen Horowitz and Coinbase Ventures, is closing due to scalability challenges…
Former Alameda CEO Released from Custody After 440 Days
Key Takeaways: Caroline Ellison, former CEO of Alameda Research, has been released after serving 440 days in federal…
What Happened in Crypto Today: Key Updates and Insights
Key Takeaways A crucial crypto bill’s progress is delayed as the Senate pivots its focus to broader affordability…
Why Neynar Acquired Farcaster?
Caroline Ellison was released today. What role did she play in the FTX collapse back then?
Scaramucci Criticizes Stablecoin Yield Ban’s Impact on U.S. Dollar
Key Takeaways The CLARITY Act’s prohibition on stablecoin yields potentially weakens the U.S. dollar’s competitiveness against the digital…
CLARITY Act Stalls: Why Has the Interest-Bearing Stablecoin Become a Bank’s “Thorn in the Side”?
Key Takeaways The debate surrounding the CLARITY Act is primarily focused on interest-bearing stablecoins and their implications for…
Why Can Coinbase Halt a CLARITY Act Vote with Just One Sentence?
Key Takeaways Coinbase CEO Brian Armstrong’s opposition to the Clarity Act halted a critical Senate vote, showcasing the…
Only KYC Can Stop Insider Trading on Prediction Markets, Messari Says
Key Takeaways KYC regulations are essential in curbing insider trading on prediction platforms but are not foolproof. Non-KYC…
Tether Freezes $182 Million in Assets in One Day, Is USDT Still a Neutral Coin?
Key Takeaways: Tether recently froze around $182 million USDT on the Tron blockchain, aligning with U.S. government sanctions.…
US Crypto Market Structure Bill Stalled as Industry Withdraws Support
Key Takeaways: The US crypto market structure bill has faced significant delays due to disagreements among lawmakers and…
Trump Targets Fed Chair, Crypto Challenges, and MiCA Regulations
Key Takeaways President Trump has initiated criminal charges against the current Federal Reserve Chairman, alleging financial mismanagement in…
Coinbase States Capital Access Surpasses Income in Wealth Creation
Key Takeaways Access to Capital: The primary divide in finance today is between those who can directly access…
Why DePIN Is the Next Big Revolution in 2026-2028
Key Takeaways DePINs have emerged as a vital solution to the infrastructural demands of AI, moving from theoretical…
CLARITY Act Stalled: How Coinbase's Revolt Against U.S. Crypto Rules Could Freeze the Crypto Market (2026 Update)
Jan 2026: The CLARITY Act imploded when Coinbase opposed Senate's stablecoin yield ban. Explore the 3 'poison pills' that froze crypto regulation and moved markets.
Crypto Users Face Threat from Massive 149 Million Credential Infostealer Data Breach
Key Takeaways: A massive data breach involving 149 million records was discovered, posing rising risks for crypto users.…
Crypto Takeaways from Davos: When Politics and Finances Collide
Key Takeaways Trump’s Geopolitical Crypto Push: U.S. President Trump emphasized the urgency of crypto regulation as a geopolitical…
Ether treasury ETHZilla acquires aircraft engines amid a new tokenization strategy
Key Takeaways: ETHZilla has shifted focus by purchasing two aircraft engines for $12.2 million, aligning with its new…
A16z-Supported Crypto Venture Entropy Winds Down, Returns Investor Funds
Key Takeaways Entropy, a startup supported by Andreessen Horowitz and Coinbase Ventures, is closing due to scalability challenges…
App