Brad: A total of 75 basis points cuts by the end of the year are reasonable

According to ChainCatcher, former St. Louis Fed Chairman Brad said on Monday that he was very interested in taking office as Fed Chairman and had exchanged views with U.S. Treasury Secretary Becent. Brad expects FOMC to cut interest rates by 25 basis points, and believes that the market expects a cumulative interest rate cut of 75 basis points by the end of this year is reasonable. He also said that success means defending the dollar's position as a reserve currency and maintaining low and stable inflation.