Federal Reserve Chairman Warsh: Our job is to ensure that price changes do not amplify into inflation.

Warsh said today's CPI does not mean "mission accomplished" and the Fed will firmly support a 2% inflation target; the Fed has "zero tolerance" for high inflation, expects more limited inflation upticks, will review its inflation framework and plans to eliminate tax provisions with inflationary effects. On the balance sheet, any policy shift would be signaled well in advance to markets; the Fed can begin seriously considering when to resume purchases of Treasury securities. If challenged by Trump, he said he will "fulfill his duties" and seeks to insulate the Fed from political interference. Long term, AI implies substantial productivity gains and is broadly positive for the economy, but he warned against complacency. On employment, price stability and full employment are not mutually exclusive and he is committed to achieving both.

SpaceX has successfully deployed a new batch of 27 Starlink satellites and plans to conduct the 13th integrated test flight of its heavy-duty upgraded Starship V3 this week. This marks a significant leap forward in the development of global commercial space infrastructure, moving from "narrowband fine-tuning" to a radical new phase of "ultra-heavy-payload laser networking." Previously, Starlink satellites relied primarily on the Falcon 9 for routine deployment. The core value of Starship V3 lies in its greater payload capacity and more efficient batch delivery. If subsequent key verifications such as orbital deployment, interstage separation, engine re-ignition, and controlled recovery are successfully completed, Starship will gradually transform from a high-frequency experimental platform into a truly commercial transportation tool, significantly improving satellite networking efficiency, reducing unit launch costs, and redefining the competitive threshold of the global aerospace industry. In the longer term, the new generation of Starlink satellites, through high-capacity laser interconnection, is building a global low-Earth orbit communication network. Satellite internet not only serves applications such as direct mobile phone connectivity and global communication but is also becoming a crucial physical foundation for future space computing, AI infrastructure, and defense communication systems. If this model continues to advance, the value focus of the global commercial space industry chain may gradually shift from traditional rocket manufacturing to orbital networks, advanced materials, satellite manufacturing, and the space computing ecosystem. The market's focus is not just on the success of this test flight, but more importantly, on whether SpaceX is forming an integrated infrastructure closed loop encompassing "rocket-satellite-communication-computing power." As Starlink density continues to increase, satellite internet, as the underlying carrier of next-generation global ubiquitous communication and space computing power, is seeing its commercial assetization accelerate.