A family of Microsoft presentation graphics products that offer tools for creating presentations and adding graphic effects like multimedia objects and special effects with text.
Choose a larger bullet, they come in different sizes. If you use the round bullet that comes with your chosen font, it may be tiny. Then to make it large enough, you have to increase the size in Paragraph>Bullets>Bullets and Numbering above 100%. That also force the distance from the baseline to increase, giving the effect you posted.
Instead, switch the bullet font to Symbol or Wingdings to get beefy bullets that don't need enlarging.