[Federal Reserve Governor Smiran: Financial market performance should not overly influence monetary policy assessment] Federal Reserve Governor Smiran stated that when assessing monetary policy, one should not overly rely on the strong performance of the stock market and corporate credit markets as a basis for judgment. He pointed out that the current monetary policy still appears too tight, which could exacerbate economic downside risks. Smiran emphasized that the performance of financial markets is driven by multiple factors, not just monetary policy. This was also the main reason he voted against a 25 basis point rate cut in the first quarter last week.