Bullard expressed his willingness to take over the Federal Reserve, and it is reasonable to cut interest rates by a total of 75 basis points before the end of the year

Mr. Bullard, the former head of the St Louis Fed, said on Monday that he had spoken to Treasury secretary Vincent Bescent last week about the job and said he would be interested in the job if the conditions were right. "I would take the job if we were set up to succeed... Success means defending the dollar as a reserve currency, keeping inflation low and stable and protecting the independence of the Fed," Mr. Bullard said. Mr. Bullard said he expected the FOMC to cut rates by 25 basis points and signal further easing that the market was justified in expecting a cumulative 75 basis point cut by the end of the year. Mr. Bullard agreed with the tentative tariff-inflation argument and favoured Mr. Cook, the Fed governor caught up in the sacking controversy.