According to Mars Finance, on August 21, former St. Louis Fed President and leading candidate for the next Fed Chair, Bullard, called for a 100 basis point rate cut this year, with further cuts anticipated in 2026. Bullard stated in an interview on Thursday, 'Interest rates are a bit high right now, and I believe we can lower them by about 100 basis points by 2026 - I think this will start with a rate cut at the September meeting, followed by further actions this year.' Bullard mentioned that he has been in contact with Treasury Secretary Yellen regarding his candidacy for Fed Chair and plans to potentially arrange a meeting after Labor Day on September 1. As for whether there will be further rate cuts next year, Bullard indicated that it would depend on data performance. He also emphasized the necessity of maintaining the dollar's status as the reserve currency. (Golden Ten)