Who will be the next Federal Reserve Chair? The prediction market has the answer.

【BlockBeats】Recently, there’s an interesting piece of news—BlackRock’s investment heavyweight Rick Rieder is going for an interview to become the Federal Reserve Chair. It sounds small, but it’s a big deal for the crypto world.

Let’s first see how the betting is laid out. According to the latest data from prediction markets, Kevin Hasset, Director of the National Economic Council, is currently the clear front-runner, with about a 54% chance of being nominated, far ahead of other candidates. Former Fed Governor Kevin Wessel follows closely with about a 21% chance, while incumbent Fed Governor Christopher Waller ranks third with about a 14% chance.

Why should we pay attention to this? Simply put, the choice of the Fed Chair directly influences the future direction of monetary policy. Whether the policy is dovish or hawkish has a huge impact on the liquidity of the entire market. Especially for our asset class that is sensitive to interest rates, who sits in that chair will determine the market’s rhythm for the next few years.