Core Viewpoint - Former St. Louis Fed President James Bullard believes that Congress will not consider revising the Federal Reserve Act, and if he were to become Fed Chair, he would seek to break the "groupthink" mentality [1] Group 1: Market Reactions - Following Bullard's comments, the S&P 500 index nearly completely reversed its earlier gains, while the Nasdaq 100 index turned negative [1] - The yield on the 10-year U.S. Treasury fell by 6.4 basis points, reaching a new low below 4.225% [1] - The yield on the 2-year U.S. Treasury dropped by 6.5 basis points, hitting a new low below 3.667% [1] Group 2: Political Context - Media reports indicate that Bullard is included in former President Trump's list of candidates for Fed Chair [1] - The current President is free to express views on the FOMC's monetary policy [1]