Former Fed Chair Bullard Expresses Willingness to Accept Fed Chair Position
According to ChainCatcher, former Federal Reserve Chair Bullard stated that he spoke with Treasury Secretary Bessent last week. He expressed that if the goal is to achieve low and stable inflation while respecting the independence of the Federal Reserve, he would be willing to accept the position of Fed Chair. Regarding the possibility of being selected as Fed Chair, Bullard said he is happy to cooperate with whatever approach Bessent wishes to take and will operate within the framework of the Federal Reserve Act. He emphasized that anyone appointed as Fed Chair would uphold the independence of the Federal Reserve.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mortgage rates return to 7%, pending home sales in the US fall to nearly a twelve-year low
According to Freddie Mac data, the 30-year fixed mortgage rate has risen to 7.4%, the highest level in nearly three years. Data from real estate brokerage Redfin shows that the volume of existing home pending sales in September fell 4% month-on-month, marking the largest single-month drop in over three years and hitting the lowest level since 2014. Nearly one-fifth of sellers have reduced prices, and the home purchase contract cancellation rate has reached a record high of 14.5%. Inventory levels have risen to the highest since March 2020, but high financing costs continue to constrain transactions.
Mueller Water Products names Michael Morgan CFO, succeeding Melissa Rasmussen
GLD ETF Falls 0.6%
JPMorgan’s tokenized funds on Ethereum hold $844 million
Crypto prices
More
