PANews reported on April 24 that according to Jinshi, Fed's Hammack said that the recent market turmoil is the result of risk transfer and the market operation is still normal. He pointed out that the threshold for the Fed's intervention is "abnormally high" and there is no need to intervene at present. At the same time, he emphasized that it is normal for investors to adjust their positions during volatile periods. The market should judge the level of term premium on its own and price discovery should be dominated by the market. In addition, he mentioned that economic uncertainty is prompting companies to suspend operations.