Federal Reserve Chair candidate James Bullard has expressed concerns that a 50 basis points interest rate cut in September would appear panicky. This view contrasts with recent signals from the White House and the Treasury Department, which have advocated for a substantial reduction in interest rates starting in September. The Treasury chief cited recent inflation data and indications of a cooling labor market as justification for a large initial rate cut, followed by a series of further reductions. Market analysts and commentators have echoed Bullard's caution, suggesting that a jumbo rate cut at this time could send an unintended signal about economic stability.