Lates News

According to the website AXIOS, traders in the prediction market are betting that BlackRock executive Rick Rieder has significantly increased chances of becoming the next leader of the Federal Reserve. On Thursday morning, on the Polymarket platform, Rieder's probability of being chosen by Trump as the next Federal Reserve chairman was 30%, second only to former Fed governor Kevin Warsh's 45%. Just ten days ago, Rieder's chances in the market were only 3%. His increase in support is mainly at the expense of White House economist Hassett. Hassett, who was leading last month (his prediction peaked at 85% on December 2nd), has now fallen to 6%.