This BlackRock Trader Handles $2.3 Trillion And He Might Just Be The Next Fed Chair
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As CFOs, CEOs and CNTs are tripping over themselves to line up for the Federal Reserve Chairman position, one man has emerged as the frontrunner.
Rick Rieder is the Chief Investment Officer of Global Fixed Income (CIOOGFI for short) at BlackRock and just this past week Polymarket and Kalshi have bumped him up to ‘Most Likely To Become Powell 2.0’ beating off, wait, beating out “The Two Kevins”. …Who?
‘Who’ is a great question, thanks for asking. So this Rick guy started out at as a broker or something and then he was at the Lehman Brothers, which is a little awkward. Wait, are we sure this is the right guy for the job?
Then he founded his own firm which was swiftly bought by BlackRock and Larry Fink made him a ‘super investor’ managing $2.3 trillion dollars in global bond markets. That’s a bigger GDP than most countries in the world.
In fact, let me list for you the only countries that have a GDP higher than Rieder’s responsibilities, it won’t take long: Russia, Italy, France, UK, India, Japan, Germany, China and the US. Literally every other country in the world has less to worry about than this guy.
Well, his portfolio might be getting a little bigger sometime soon if he gets asked to effectively manage USA’s GDP, which in turn is basically the global economy.
Look, he’s not worked at the Fed before, he hasn’t worn that sexy little hardhat so his recent appearance in the leaderboard has surprised insiders but if he’s the right guy, he might be the right guy.
The real question that’s going to cliche his application is… how does he feel about Trump?
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