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BlackRock CIO Rieder Advocates for Fed Rate Cut to 3%

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Fed news from BlackRock’s Rick Rieder suggests support for a 50+ basis point rate cut, pushing the Fed rate to 3%. As a potential Fed Chair candidate, Rieder’s stance could affect altcoins to watch like Bitcoin and Ethereum. His comments align with Trump’s economic agenda and may shift market liquidity and borrowing costs. Traders are closely following Fed news for signals on risk assets. Altcoins to watch could see volatility as central bank policies evolve.
Key Points:
  • BlackRock’s Rick Rieder supports a Fed rate cut to 3%.
  • Potential impacts on crypto, owing to liquidity changes.
  • Rieder’s Fed Chair odds discussed amid market speculation.

Rick Rieder, BlackRock’s Chief Investment Officer, is under consideration for Federal Reserve Chair. An interview is scheduled with President Trump on Thursday at the White House.

Rieder advocates lowering Fed rates to 3%, which could impact market liquidity and borrowing costs, potentially affecting cryptocurrencies such as Bitcoin and Ethereum.

BlackRock CIO Rick Rieder pushes for a reduction in U.S. Federal Reserve rates to 3%, aligning with President Trump’s demands. Rieder describes this rate as “closer to equilibrium,” neither stimulative nor restrictive.

Rieder, considered a frontrunner for Federal Reserve Chair, has called for a 50+ basis point rate cut. His scheduled interview with President Trump and key officials underscores potential leadership changes at the Fed.

Rieder’s push for a lower rate could affect risk assets including BTC and ETH, given changes in liquidity and credit costs. The prediction markets show Rieder’s chair odds at 9% on Kalshi.

The current Fed funds rate stands at 3.5%-3.75% after recent policy adjustments. Rieder’s proposed adjustment aims to relieve market pressures, potentially bolstering cryptocurrency markets with risk-on behavior.

Bitcoin and Ethereum may gain from the proposed rate cuts, reflecting in broader market dynamics. BlackRock’s endorsement of these adjustments highlights potential shifts in borrowing costs.

Historically, lower interest rates have promoted risk-on behavior, impacting liquidity-sensitive assets. Expert views suggest this direction may support crypto assets, but regulatory and technological outcomes remain uncertain.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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