Trump is considered Cio Rick Rieder of Blackrock for the role of the Federal Reserve Chairman star-news.press/wp

New names appeared as candidates to replace the Fed Jerome Powell chair as soon as his term ended. This includes the chief investment employee of Blackrock (CIO) for global fixed income, Rick Reader, whose support has already been supported to reduce prices.

Rick Reader joins the list of candidates to replace the Federal Reserve Chairman Powell

according to CNBC reportCio Blackrock is one of the 11 candidates that the Trump administration is considering replacing Powell when his term ends in May next year. Rieder is among the three names that joined the list, where others were strategic in the Jefferies David Zervos market and former Federal Reserve Governor Larry Lindsay.

These three join the Vice President of the Federal Reserve for Supervision Michel Bowman, Federal Reserve Governor Chris Waller, and Federal Reserve Chairman Philip Jefferson, who emphasized CNBC on the role of the Federal Reserve Speaker.

Among the other candidates are Mark Samlin, the President of the Federal Reserve in Dallas Lori Logan, and former Saint -Louis President at the Federal Reserve James Pollard. Meanwhile, US President Donald Trump has already confirmed that “two Kevins”, referring to Kevin, Arpe and Keastite, in the list.

The report revealed that US Treasury Secretary Scott Beesen will meet all candidates for the role of the Federal Reserve Chairman. He will then create a brief list and transfer it to President Trump to make a final decision.

It is worth noting that some of these candidates expressed their support to reduce the federal reserve rate, which Trump was paying for. Voice Waller and Bowman, as current members of FOMC, to reduce the FOMC meeting in July. Meanwhile, Reader called for a decrease in the meeting.

Looking at the time that the deliberation process can take, Trump is not expected to announce a new Federal Reserve Chair soon any time. This negates the possibility of feeding the shade. However, the President continued to criticize Powell and recently revealed that he was considering a lawsuit against Powell.

Chris Walle is still preferred for the situation

Polymark data shows that Chris Walsh is still preferred for the role of the Federal Reserve Chairman. There is currently 27.5 % opportunity for Trump to announce to him behind Powell. This is in line with the Coingepe report that the Trump team prefers and wireds for this position.

Polymers from the following Federal Reserve Chair
Source: polymarket

It is said that the team, which consists of Bessent, has admired Waller’s willingness to set critical policies on the basis of expectations instead of current data. This contradicts the Powell approach to wait and see about the data received to determine whether the prices will be reduced.

Meanwhile, there is a 10.8 % and 10.7 % chance for President Kevin Wrash or Kevin Haysit, respectively. However, the possibilities still support Trump delaying the announcement of the next Federal Reserve Chairman until next year, with a 36 % chance of a declaration by December 31.

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Alignafe Adeyemi

Boluwatife Adeyemi is a writer and editor of encryption news that covers topics that exceed several ports. Its speed and alacity covering uniform break updates. He has a talent to simplify the most technical concepts and make them easy to understand beginners in encryption. Boluwatife is also a lawyer, a law certificate from the University of Ibadan. It also holds a certificate in digital marketing. Away from writing, he is a fan of thirsty basketball, traveler, and part -time Degen.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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2025-08-13 13:31:00

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