Former St. Louis Fed Chairman Brad is interested in Fed Chairmanship Position and FOMC is expected to cut interest rates

According to ChainCatcher, former St. Louis Fed Chairman Brad said he was very interested in taking office as Fed Chairman and communicated 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 stressed that success means defending the dollar's position as a reserve currency and maintaining low and stable inflation.