Hi, user_no_name

Trade now

Deposit

Logout
Login Sign Up
EN

Language

English English (Global)

English English (EU)

English English (UK)

English English (AU)

English English (ZA)

English English (St. Vincent)

Deutsch German

Español Spanish (Latam)

Español Spanish (Spain)

Français French

Dansk Danish

Italiano Italian

Nederlands Dutch

العربية Arabic

Svenka Swedish

Tiếng việt Vietnamese

Bahasa Melayu Malay

ภาษาไทย Thai

繁體中文 Traditional Chinese

简体中文 Simplified Chinese

Tagalog Tagalog

தமிழ் Tamil

हिन्दी Hindi

Português Portuguese

Bahasa Indonesia Indonesian

한국어 Korean

English English (BVI)
Markets

Products

Forex

Shares

Commodities

Indices

Crypto

ETFs

Bonds
Trading

Trading Platforms

Web Platform

App

TradingView

MT4

MT5

Trading Central

Trading Tools

CFD Trading Calculator

Forex Margin Calculator

Commodities Profit Calculator

Forex Profit Calculator

Economic Calendar

Trading Info

CFD Trading

CFD Asset List

Trading Conditions

Trading Hours

Expiration Dates

Upcoming Trading Holidays

Weekly Expiration Rollover
Learn

Learn to Trade

Glossary

Education Centre

Trading Basics

Video library

News & Analysis

News

Trader's clinic

Webinars

Academy
Promo

Gold Festival

Crypto Trading

marketsClub

Welcome Bonus

Loyal Bonus

Referral Bonus

Swap-free Accounts
Partnership

Affiliation

IB
About

About Markets.com

Why markets.com

Global Offering

Our Group

Careers

Awards and Media

Help Support

FAQ

Help Centre

Contact Support

Complaints

Data & Security

Safety Online

Cookie Disclosure

Legal Pack

Legal Pack

Language

Ex-Fed President Bullard Discusses Potential Fed Chair Role, Tariff Inflation Impact

Thursday Aug 14 2025 00:00

2 min

Table of Contents

1. Bullard: Ready to Lead the Fed Focusing on Stability
1.1 The Impact of Tariffs on the Economy and Inflation
1.2 Conditions for Potential Success of a New Fed Chair
1.3 Diverging Economic Views on Inflation and Tariffs
1.4 Interest Rate Expectations
1.5 The Importance of Fed Independence

Bullard: Ready to Lead the Fed Focusing on Stability

Former St. Louis Federal Reserve President James Bullard indicated he has spoken with Treasury Secretary Janet Yellen regarding the search for a new Fed Chair, stating he's "happy to proceed in any way they want.” This comes amid reports of the Biden administration potentially looking for a replacement for current Fed Chair Jerome Powell.

The Impact of Tariffs on the Economy and Inflation

Bullard expressed his support for lowering interest rates, noting that tariffs have not caused inflation but have slowed economic growth. He also mentioned he wasn’t being “dogmatic” about monetary policy, pointing out that he was among those advocating for aggressive rate hikes in 2022 and 2023 when inflation surged.

Conditions for Potential Success of a New Fed Chair

Bullard emphasized the importance of protecting the dollar's value and maintaining the Fed's independence. He added, "We have to set it up for success, not failure. If you want somebody to come in and fail at this job, then get somebody else."

Diverging Economic Views on Inflation and Tariffs

The White House Council of Economic Advisers chairman maintained that tariffs have not led to higher long-term prices, contradicting the views of many economists outside the White House.

Interest Rate Expectations

Bullard predicted that the Federal Open Market Committee will begin cutting interest rates starting in September and could cut its benchmark rate by as much as a full percentage point over the next 12 months, which would bring rates "close" to neutral.

The Importance of Fed Independence

Both Bullard and Milan emphasized the importance of Fed independence, an issue that was tested during the Trump administration as the President publicly and vehemently berated policymakers for not cutting rates. Trump reiterated his attacks on Powell and demands for looser policy after the CPI data was released. In conclusion, this situation represents an intersection of politics and economics, necessitating a careful analysis of the impact of monetary decisions on the macroeconomy, considering the challenges of inflation and global economic growth. While potential Fed leadership changes always garner significant attention, understanding the broader economic context – including global trade dynamics and supply chain resilience – is crucial for informed decision-making. A future Fed leader will need to navigate these complex issues effectively to maintain economic stability.

Risk Warning and Disclaimer: This article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform. Trading Contracts for Difference (CFDs) involves high leverage and significant risks. Before making any trading decisions, we recommend consulting a professional financial advisor to assess your financial situation and risk tolerance. Any trading decisions based on this article are at your own risk.

Written by:

Liam James

Ex-Fed President Bullard Discusses Potential Fed Chair Role, Tariff Inflation Impact

Bullard: Ready to Lead the Fed Focusing on Stability

The Impact of Tariffs on the Economy and Inflation

Conditions for Potential Success of a New Fed Chair

Diverging Economic Views on Inflation and Tariffs

Interest Rate Expectations

The Importance of Fed Independence

Latest news

Cookies

Strictly Necessary

Functionality Cookies

Targeting Cookies