Brad: A cumulative rate cut of 75 basis points by the end of the year is reasonable.

According to ChainCatcher news, Jin10 reported that former St. Louis Fed President Bullard expressed great interest in becoming the Fed Chair on Monday and has communicated with U.S. Treasury Secretary Basant. Bullard expects the FOMC to cut rates by 25 basis points and believes that it is reasonable for the market to expect a total rate cut of 75 basis points by the end of this year. He also stated that success means defending the dollar's status as a reserve currency and maintaining low and stable inflation.