BlackRock's Rieder Emerges as Top Contender for Fed Chair with 55% Odds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Benzinga
- Leading Odds: According to Polymarket, BlackRock's Rick Rieder is the frontrunner for Trump's Fed chair nomination with approximately 55% odds, significantly ahead of former Fed official Kevin Warsh at 31%, indicating strong market confidence in his potential selection.
- Asset Management Background: Rieder has served as BlackRock's Chief Investment Officer of Global Fixed Income since 2009, managing about $2.4 trillion in assets, and his extensive market experience is viewed as an advantage despite lacking prior Fed experience, potentially appealing to Trump.
- Fed Independence Concerns: Amid scrutiny of Fed Chair Powell due to a Justice Department probe, economists warn that ongoing political interference could undermine market confidence and economic stability, making Rieder's nomination a potential challenge to Fed independence.
- Market Reaction: Rieder also leads with a 52% probability on Kalshi, reflecting market expectations for his Fed chair candidacy, although BlackRock's stock scores low in Benzinga's value rankings, indicating investor uncertainty about future performance.
Analyst Views on BLK
Wall Street analysts forecast BLK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLK is 1336 USD with a low forecast of 1218 USD and a high forecast of 1514 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
10 Buy
2 Hold
0 Sell
Strong Buy
Current: 1139.720
Low
1218
Averages
1336
High
1514
Current: 1139.720
Low
1218
Averages
1336
High
1514
About BLK
BlackRock, Inc. is an investment management company. The Company provides a range of investment management and technology services to institutional and retail clients. Its diverse platform of alpha-seeking active, private markets, index and cash management investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives, and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds, separate accounts, collective investment funds and other pooled investment vehicles. It also offers technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, and Cachematrix, as well as advisory services and solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
