BlackRock's Rick Rieder Fed chair odds rise

By the numbers: Rieder had 30% odds of being Trump's choice for the job Thursday morning on Polymarket, second only to former Fed governor Kevin Warsh at 45%.

• Rieder's odds on the marketplace 10 days ago were only 3%.
• His gain has largely come at the expense of White House economist Kevin Hassett, who looked to be in pole position last month (his odds peaked at 85% on Dec. 2) but whose odds are now down to 6%.

State of play: Fed chair Jerome Powell's term is up in May, and Trump has signaled an appointment announcement could come much sooner. He has seemingly enjoyed a reality-show-like process for selecting a successor.

• "I'd say we're down to three, but we're down to two, and I can probably tell you, we're down to maybe one, in my mind," Trump told CNBC on Wednesday.

Between the lines: Rieder is an accomplished analyst in macroeconomics and monetary policy, but has considerably less political experience than other top candidates.

• He has served on advisory committees to the Treasury and Federal Reserve, but has never worked in a presidential administration, within the Fed system or on Capitol Hill.