[Analysis: If Rick Rieder becomes the new Federal Reserve Chair, there may be three rate cuts this year] Odaily Planet Daily News, January 28 — As a seasoned Wall Street veteran, Rick Rieder is believed to bring a market-centric approach to the Federal Reserve. Last September, he advocated for a more aggressive 50 basis point rate cut, rather than the gradual 25 basis point pace preferred by the Fed at the time. Additionally, he opposed the central bank's forward guidance on future interest rate trends, known as the 'dot plot.' Economists at Evercore ISI, including Krishna Guha, wrote earlier this week, 'He would adopt a dovish stance on interest rates and may advocate for three rate cuts this year.' Currently, the interest rate swap market is pricing in fewer than two 25 basis point cuts by 2026. However, in the SOFR options market, there has been a surge in positions recently that would benefit from multiple rate cuts, aiming to lower the federal funds rate to as low as 1.5% by the end of this year—significantly below the current pricing of approximately 3.2% in the interest rate swap market. (Jin10)