The loose path of the Federal Reserve: slowing down the reduction of balance sheets, cutting interest rates (suspending interest rate cuts), pausing/stopping the reduction of balance sheets, and then encountering small risks that may lead to a re reduction/expansion of balance sheets. If we look forward to future QE, we may need to patiently wait for a longer time and may have to withstand a major shock first 😅。 Previously, we discussed the similarities and differences between expanding the balance sheet and quantitative easing (QE) here, striving to overcome difficulties and challenges