Rick Rieder, BlackRock's chief investment officer for fixed income, has surged to the top of prediction market odds for President Donald Trump's pick to serve as the next Federal Reserve chairman. Trump's next pick to lead the Fed and his broader push to reshape monetary policy may overshadow this week's two-day Fed meeting, which will wrap up with a 2 p.m. ET policy update on Wednesday. A news conference with current chair Jerome Powell will immediately follow.