According to CoinMeta, Musallar from the Federal Reserve stated that current financial conditions are very loose and asset prices are at high levels. He warned that the current environment could lead to inflation expectations becoming unanchored and that the market's pricing of risks is too lenient. He pointed out that the Fed's decisions should be guided by its mission, not the market, and in some cases, it is reasonable to surprise investors appropriately. This comment suggests that the Fed's policy path may be more hawkish than the market currently expects, which poses a slight negative signal for risk assets while providing support for the US dollar. Musallar reaffirmed the dollar's status as the global reserve currency and provided long-term assurance for the US economy and institutions. However, in the short term, the high valuations of assets remain within the Fed's attention. Risk-sensitive currencies, including the Australian dollar, may be sensitive to further hawkish pricing triggered by this comment.