[Federal Reserve's Schmid Proposes Measures to Ease Liquidity Pressure]
Federal Reserve's Schmid stated that the Fed can support a smaller-scale balance sheet and ease liquidity pressure by lowering the reserve interest rate and relaxing the use of the standing repo facility.
[Federal Reserve's Schmid: Reserve Demand Has No Clear Link to Nominal GDP Growth]
Federal Reserve's Schmid stated that there is little reason to believe that reserve demand will increase with the steady growth of nominal GDP.
[Federal Reserve's Schmid Tends to Focus on Overall Inflation Rate in Policy Making]
Federal Reserve's Schmid stated that he tends to focus on the overall inflation rate when formulating policies.
[Federal Reserve's Schmidt: Rate cuts may have lasting impact on inflation]
Federal Reserve's Schmidt stated that further rate cuts could have a lasting impact on inflation.
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[USDC Treasury destroys approximately $139 million USDC]
According to Whale Alert data, USDC Treasury has just destroyed 138,965,921 USDC, valued at approximately $139 million.