Fed Chair Contender Bullard Backs 100 Basis Points of 2025 Cuts

Former Federal Reserve Bank of St. Louis President James Bullard, a contender for the next US central bank chief, called for a percentage point of interest-rate cuts this year, with scope to do more in 2026.

“Rates are a little bit high right now, and I think we can get down about 100 basis points going into 2026 — I think that’ll start with a rate reduction here at the September meeting, and probably be followed up later this year,” Bullard said on Fox Business Thursday.