Federal Reserve officials: There are currently no plans to intervene in the market, and recent fluctuations are a normal phenomenon

According to a report by Jin Shi, Federal Reserve's Hamack stated that the recent market turbulence is a result of risk transfer and market operations are still normal. He pointed out that the intervention threshold of the Federal Reserve is "exceptionally high" and there is currently no need to intervene. At the same time, it is emphasized that investors adjusting their positions during periods of volatility is a normal phenomenon, and the market should judge the level of term premium on its own. Price discovery should be led by the market. In addition, he mentioned that economic uncertainty is prompting companies to suspend operations.