Fed Focus on Inflation & New Chair, NY Fed Injects Liquidity, JPM Embraces Blockchain

1. Fed official (Kashkari) voiced concerns over high inflation due to geopolitical shocks, as the U.S. Senate confirmed Kevin Warsh as the new Federal Reserve Chair.
2. The New York Fed announced plans for approximately $26.3 billion in total asset purchases through mid-June for reserve management and reinvestments.
3. J.P. Morgan Asset Management launched its second tokenized money market fund on the Ethereum blockchain, signaling deeper institutional adoption of blockchain technology.