Collins: Monetary policy should focus on restoring price stability
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Collins of the Federal Reserve stated that as the labor market improves, monetary policy can focus on timely restoring price stability, especially after five and a half years of high inflation.
Federal Reserve Vice Chairman Jefferson stated that the discount window of the US central bank is always ready to provide liquidity support when needed, and this tool, together with the standing repo operation, helps alleviate the pressure on the financing market.
The first L2 network in the Hyperliquid ecosystem, Elysium testnet, has been launched. This network is a general-purpose high-performance L2, settled to HyperEVM and co located with HyperCore, using HYPE as the native gas token, and currently running Conduit's G2 sorter.
Coinbase integrates Morpho Midnight to launch a fixed rate USDC loan with Bitcoin as collateral. Users can lock in the interest rate and repayment due date when borrowing. This product runs parallel to the floating rate lending based on Morpho Blue, which has outstanding loans of over $1.4 billion on Coinbase and collateral of approximately $3 billion. Morpho Midnight has been deployed on the Base chain, with a current deposit size of approximately $30 million. Coinbase offers two maturity dates, the end of this month and the end of next month. If the borrower fails to repay before maturity, the lender can dispose of the borrower's collateral. (Source: The Block)
[Williams: Interest Rate Control Tools Are Effective and Can Be Adjusted Based on Market Changes]
Federal Reserve's Williams stated that the current tools for managing short-term interest rates are effective in achieving rate control and supporting the functioning of financial markets. This framework can be adjusted according to changes in market conditions. (Source: Jinshi)
Strategy's stock market value rose 38 places, becoming the 418th largest tradable asset in the world, surpassing Standard Chartered Bank and Macquarie Group in market value. （Bitcoin Archive）
