Recently, Brad, who once served as the president of the St. Louis Fed, has attracted widespread attention in the market. As one of the popular candidates for the next Fed chairman, Brad has proposed a bold monetary policy suggestion.

In a recent interview, Brad called for a 100 basis point rate cut this year and further rate cuts to be implemented by 2026. He stated: "The current interest rate level is slightly on the high side. I believe that by 2026, rates are expected to be lowered by about 100 basis points. This process could start from the September meeting and continue to advance within this year."

It is worth noting that Bullard has revealed he has been in communication with Treasury Secretary Basant regarding his candidacy for Fed chair. He plans to arrange a meeting after Labor Day on September 1 to further discuss the matter.

Regarding the direction of monetary policy in 2024, Bullard stated that the decision on whether to implement further rate cuts will depend on the performance of economic data. At the same time, he emphasized the importance of maintaining the dollar's status as the global reserve currency.

Brad's remarks have sparked heated discussions in the financial markets. As a potential candidate for the Fed chair, his policy proposals could significantly influence the future direction of monetary policy in the United States and even globally. Market participants are closely following this development to assess its potential impact on the economy and investment environment.