BlockBeats News, on May 9, a Federal Reserve official responsible for implementing monetary policy stated on Friday that the market has responded well to last month's market pressures as the Fed takes steps to strengthen a key liquidity tool. Roberto Perli, manager of the Federal Reserve System's Open Market Account, said, "Although liquidity in the U.S. Treasury cash market became tight in early April, these markets continue to operate normally, partly because of the resilience of funding liquidity in the U.S. Treasury repurchase market." The market performed well during this period of stress after the Trump administration announced massive trade tariffs, but Perli stated that this experience once again demonstrates the necessity for the Fed to further explore how to provide rapid liquidity to the market. Perli indicated that the Standing Repo Facility (SRF) will operate in the morning and afternoon "in the near future." He noted, "These early settlement auctions, combined with the current afternoon auctions, will enhance the effectiveness of the SRF as a tool for implementing monetary policy and market operations." (Jin Shi)