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Blackrock takes the lead for Fed Chair

Posted on 1/26/26 at 9:55 pm
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
96007 posts
Posted on 1/26/26 at 9:55 pm
quote:

BlackRock's Rieder takes the lead in race for Trump's Fed chair pick

Traders on major betting exchanges now assign top odds to BlackRock executive Rick Rieder to be President Trump's Fed chair nominee.

Driving the news: Rieder had 47% odds Monday morning on Polymarket, with former Fed governor Kevin Warsh second at 28%. Rieder's odds were below 3% on Jan. 12.



quote:

Rieder, as the chief investment officer for global fixed income at BlackRock, is in an unusual position for a potential Fed chair, having published research notes on economic data, which offer insights into his thinking on major debates of the moment.

In a note on jobs data released Jan. 9, for example, Rieder was clear that he believes a productivity surge is underway that is dampening demand for labor, and that the job market is weaker than headline data imply.

What they're saying: Rieder wrote that "if people question whether productivity is occurring in today's economy, we would point to a number of illustrations that require closer inspection than just the top-line payroll growth number, which has been slowing of late."




quote:

He adds that "while U.S. growth is solid, broad-based labor is not really participating in this economic vitality," and that this justifies further rate cuts.

?? Fun fact: Rieder is also a minority investor in Major League Baseball's Baltimore Orioles, of which he is said to be a lifelong fan


Posted by Lickitty Split
Inside
Member since Apr 2017
4143 posts
Posted on 1/26/26 at 10:04 pm to
This would be a mistake. Do not trust anyone from Blackrock. We’re screwed if this guy gets appointed.
Posted by TigersHuskers
Nebraska
Member since Oct 2014
15462 posts
Posted on 1/26/26 at 10:05 pm to
Disaster
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
96007 posts
Posted on 1/26/26 at 10:07 pm to
quote:

This would be a mistake. Do not trust anyone from Blackrock. We’re screwed if this guy gets appointed


Posted by TigersHuskers
Nebraska
Member since Oct 2014
15462 posts
Posted on 1/26/26 at 10:08 pm to
quote:

STDTiger


Shocker you like this
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
96007 posts
Posted on 1/26/26 at 10:09 pm to
If you can explain how its a disaster im all ears

I doubt you will provide a coherent answer
Posted by Timeoday
Easter Island
Member since Aug 2020
20295 posts
Posted on 1/26/26 at 10:11 pm to
There is no way POTUS Trump is going to give this guy the cookie jar.
Posted by jbdawgs03
Athens
Member since Oct 2017
12719 posts
Posted on 1/26/26 at 10:15 pm to
Shocker you’re crying.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
96007 posts
Posted on 1/26/26 at 10:16 pm to
quote:

Another attraction for Trump: Housing sits at the center of Rieder’s public remarks. Mortgage rates remain elevated, housing activity has slowed sharply since the Fed began raising interest rates in 2022, and affordability has deteriorated, although it has improved modestly in recent months. Rieder has said higher rates reduce turnover, limit labor mobility, and slow construction. Those dynamics affect employment as well as prices.

Trump has made lowering mortgage rates a priority, and Rieder’s emphasis on housing dovetails with that agenda.


Posted by Lickitty Split
Inside
Member since Apr 2017
4143 posts
Posted on 1/26/26 at 10:16 pm to
Giving a globalist the keys to the kingdom.
Posted by Sunnyvale
Little ST. James
Member since Feb 2024
3108 posts
Posted on 1/26/26 at 10:17 pm to
It would be like Dick Chaeny with Haliburton all over again.
Posted by FMtTXtiger
Member since Oct 2018
5166 posts
Posted on 1/26/26 at 10:19 pm to
Rick always looks like he just had a few whiskey shots before going on air.

I do like his bond fund though.
Posted by Penrod
Member since Jan 2011
53690 posts
Posted on 1/27/26 at 12:29 am to
quote:

This would be a mistake. Do not trust anyone from Blackrock. We’re screwed if this guy gets appointed.

Nobody with the experience and knowledge to do this job can be trusted.
Posted by rickyh
Positiger Nation
Member since Dec 2003
13081 posts
Posted on 1/27/26 at 12:36 am to
Posted by SirWinston
Kid Rock sucks
Member since Jul 2014
103603 posts
Posted on 1/27/26 at 12:41 am to
Wtf man
Posted by AUCom96
Alabama
Member since May 2020
6728 posts
Posted on 1/27/26 at 2:26 am to
Trump has done a number of idiotic things of late. This would be the most idiotic of all.
This post was edited on 1/27/26 at 2:27 am
Posted by AUCom96
Alabama
Member since May 2020
6728 posts
Posted on 1/27/26 at 5:15 am to
quote:

Another attraction for Trump: Housing sits at the center of Rieder’s public remarks. Mortgage rates remain elevated, housing activity has slowed sharply since the Fed began raising interest rates in 2022, and affordability has deteriorated, although it has improved modestly in recent months. Rieder has said higher rates reduce turnover, limit labor mobility, and slow construction. Those dynamics affect employment as well as prices.

Trump has made lowering mortgage rates a priority, and Rieder’s emphasis on housing dovetails with that agenda.



Yeah, the guy who helped create that problem by mass buying housing as investment and turning family residence into rentals is going to fix the housing problem?

Foxes are excellent guards for a henhouse too, apparently.
Posted by PorkSammich
North FL
Member since Sep 2013
17325 posts
Posted on 1/27/26 at 5:35 am to
quote:

If you can explain how its a disaster im all ears


He was a Nikki Haley supporter.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
96007 posts
Posted on 1/27/26 at 7:10 am to
quote:

Yeah, the guy who helped create that problem by mass buying housing as investment and turning family residence into rentals is going to fix the housing problem?



Well this is a lie. They make up about 3% of all transactions for SFHs the last 5yrs

You ppl fall for the nonsense
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
471095 posts
Posted on 1/27/26 at 7:12 am to
quote:

They make up about 3% of all transactions for SFHs the last 5yrs


What is their % of corporate building/buying? Clearly including their subsidiaries as well.

Seems that is the more important stat
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