Deep Tide TechFlow News, July 18, according to Jinshi Data reports, Federal Reserve Governor Waller stated that stablecoins bring competition to the payment system but do not pose a threat. He mentioned that no one from the Trump administration communicated with him regarding the position of Federal Reserve Chairman. The economy faces more risks, and the current situation requires a monetary policy that is closer to a neutral level, leaning towards a loose policy interest rate. The upward risk of inflation is limited, tariffs will temporarily push up inflation, which will gradually dissipate next year; without the impact of tariffs, inflation would approach the 2% target. Delaying interest rate cuts may increase the risk of aggressive measures in the future, and a rate cut in July could provide room to maintain the interest rate at subsequent meetings. If core inflation remains controlled and economic growth is weak, further rate cuts will be needed and actions should not wait for labor market issues.