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2025-08-21 19:55:33
[Potential Fed Chairman Bullard calls for a 100 basis point rate cut and plans to meet with the U.S. Treasury Secretary after Labor Day] Former St. Louis Fed President and favorite to be the next Fed Chairman Bullard called for a 100 basis point rate cut this year and further rate cuts in 2026. In an interview on Thursday, Bullard said: "Interest rates are a little high right now, and I think they can be cut by about 100 basis points by 2026 - I think it will start with a rate cut at the September meeting, and there may be further action this year." Bullard said he has been in contact with Treasury Secretary Bessant about his candidacy for Fed Chairman and plans to arrange a meeting "possibly" after Labor Day on September 1. As for whether there will be further interest rate cuts next year, Bullard said it will depend on data performance. He also emphasized the need to maintain the dollar's status as a reserve currency.
