Former St. Louis Fed president James Bullard, discussed as a potential Fed chair candidate, said he would accept the role if the objective were preserving the dollar’s value and Fed independence. He told CNBC that tariffs appear to have only a mild, one‑time impact on the price level and are unlikely to disrupt long-term progress toward 2% inflation. Bullard said the Fed will probably cut rates in September and once more this year, with further easing possible next year—about a 1 percentage-point total that would bring rates near neutral. He expects inflation to move toward 2% and unemployment around 4% under that scenario. #Fed #FiatNews