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Federal Reserves Bostic: Two rate cuts are not the baseline scenario; inflation is expected to remain stubbornly persistent.On January 30th, Shu Lingmin, Deputy Director of the Internet Supervision Department of the State Administration for Market Regulation, stated that after a year of special governance of live-streaming e-commerce, the chaos in the industry has been initially curbed. In 2026, the State Administration for Market Regulation will adhere to a problem-oriented approach, actively cooperate with relevant departments, further strengthen the routine supervision of the live-streaming e-commerce industry, and effectively safeguard the legitimate rights and interests of consumers and operators. Shu Lingmin made the above statement at a special press conference on live-streaming e-commerce supervision held by the State Administration for Market Regulation on the 30th. It was introduced that the next step for the State Administration for Market Regulation will focus on further strengthening the "gatekeeper" responsibilities of platforms and increasing the crackdown on illegal and irregular activities.Federal Reserve Chairman Bostic: Each chairman has his own view of the world, but interest rate decisions involve 12 people.Federal Reserves Bostic: Ultimately, the Feds actions require a vote from all 12 people.Federal Reserve Chairman Bostic: Well have to see how Warsh performs as Federal Reserve Chairman.