According to Odaily Planet Daily, former St. Louis Fed President and favorite to become the next Fed Chairman, James Bullard, called for a 100 basis point interest rate cut this year and further cuts in 2026. In an interview on Thursday, Bullard said: "Interest rates are a bit high right now, and I think we can cut about 100 basis points by 2026 - I think it will start with a rate cut at the September meeting, and there may be further action this year." Bullard said that he has been in contact with Treasury Secretary Bensont about his candidacy for Fed Chairman and plans to arrange a meeting "possibly" after Labor Day on September 1. As for whether there will be further interest rate cuts next year, Bullard said it will depend on data performance. He also emphasized the need to maintain the US dollar's status as a reserve currency. (Jinshi)