Brad's successor's debut: The conditions for the Fed's rate cut may take several quarters to form.

On June 19th, Jin10 News reported that St. Louis Fed President James Bullard said on Tuesday that it could take several months, even several quarters, for the Fed to meet the conditions for rate cuts. This is the first public comment he has made on monetary policy since taking over from Brad as regional Fed president. "I need to observe favorable inflation developments, demand easing, and supply expansion for a period of time before I can be sure that rate cuts are appropriate. These conditions may take several months or even several quarters to form," Bullard said. Bullard also did not rule out the possibility of raising interest rates again in the event of a "significant" inflation rate exceeding 2% or a resumption of inflationary pressures, but he stressed that this was not his fundamental assumption. Bullard, an economics Ph.D. holder, has experience in markets, public policy, and central banking, and will rotate to become a voting member of the Federal Open Market Committee next year. He took office in April of this year.