Trump finalizes Fed Chair candidate: Market bets have already shifted

ForkMonger · 2026-01-23T01:30:13+00:00

Trump has completed interviews for the next Federal Reserve Chair candidate, and a decision on his successor to Powell will be made in May. The candidates include Hassett, Rieder, Waller, and Wosh. Rieder's nomination has gained popularity, and market forecasts indicate that his chances of being nominated have significantly increased. The new chairperson will have a profound impact on the US and global financial markets.

ForkMonger

2026-01-23 01:30:13

Abstract generation in progress

【BlockBeats】On January 23, U.S. President Trump revealed that he has completed interviews with candidates for the next Federal Reserve Chair. The final choice is expected to succeed Jerome Powell in May. Trump described the candidate as a “highly respected, extremely well-known” heavyweight figure and hinted that the decision is almost finalized, but the specific name has not yet been announced.

Among the current candidates are National Economic Council Director Kevin Hasset, BlackRock Fixed Income Chief Rick Rieder, current Federal Reserve Board member Christopher Waller, and former Board member Kevin Warsh. According to Trump’s public statements, Hasset seems more likely to continue serving at the White House, but recent developments have introduced some uncertainty.

Notably, since Trump publicly praised BlackRock executive Rieder as “impressive,” his nomination prospects have surged dramatically. According to prediction market Kalshi, Rieder’s chances of being nominated have jumped from just 3% (10 days ago) to 16% earlier this week, and now to 33%—more than a tenfold increase. In comparison, former Fed Governor Warsh still leads with a 45% probability, but his advantage has been significantly eroded.

Trump’s relationship with Powell remains tense. Trump has repeatedly criticized Powell for being “slow to react” on rate cuts and has tried to downplay Powell’s influence after his term ends. Treasury Secretary Yellen stated that Trump might officially announce his final decision next week. Industry experts generally believe that the new Federal Reserve Chair will profoundly influence the direction of U.S. monetary policy, which will, in turn, impact global financial markets.

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GateUser-0717ab66

· 7h ago

Riddell's sudden surge this time is quite interesting; being from BlackRock definitely brings some influence.

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GmGnSleeper

· 7h ago

Riddell suddenly took off this wave, feeling a bit interesting... Trump's two rainbow fart comments directly boosted the hype. --- It's the same routine again, first tease then announce, the market has already been betting on it. --- Does that guy from BlackRock really want to take the lead? The crypto circle will have to re-align now. --- He said this in May, that's too much delay... now whatever you bet on, you have to be cautious. --- Is Hasset tired of staying in the White House? Or does Riddell have a stronger background? --- Wow, the Federal Reserve's appointment process is so playful, like a draft pick. --- Prediction markets are all betting on Riddell, so reverse operation would be safer. --- This wave of uncertainty is quite big, I thought Hasset was steady this morning...

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SchroedingerAirdrop

· 7h ago

Riddell is really about to take off this time. With BlackRock's background and a compliment from Trump, the market immediately reacted, and the prediction market is all following suit. To be honest, a change in the Federal Reserve Chair has a pretty significant impact on the crypto world, so we need to keep a close eye on how May will turn out.

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LiquidationAlert

· 7h ago

Is it time for another market shakeout? Rieder's move this time is indeed significant, BlackRock's background is strong. If they really "Trump-ify" the Federal Reserve, the market will have to go through another round of turbulence. Decided in May? The suspense is tightly controlled, gamblers will definitely bet themselves into bankruptcy again. Speaking of Kalshi, with such a sharp increase in their data, retail investors will have to pay the IQ tax again. If the new chairman really causes a sell-off this time, I'll just lie flat; anyway, I can't outrun it.

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