Reported about 10 hours ago
James Bullard, the ex-president of the St. Louis Federal Reserve, expressed interest in becoming the Fed chair during discussions with Treasury Secretary Scott Bessent, emphasizing the need for conditions favoring the dollar's reserve status, low inflation, and institutional independence. As the Trump administration seeks Powell's replacement ahead of his term's end, Bullard forecasts a likely interest rate cut amid inflation concerns and aims to balance job market stability.
Source: YAHOO