CICC: The Federal Reserve Chair Candidate Will Not Shake Asset and Liability Expansion

ChainCatcher message, according to Jinshi reports, China International Capital Corporation (CICC) research reports indicate that choosing who will be the Federal Reserve Chair is unlikely to disrupt the normalization of the balance sheet expansion. Although the Federal Reserve began balance sheet expansion in December last year, with marginal liquidity improvement, narrow liquidity remains well below the lower limit of a “ample level.” The dollar liquidity indicator still shows a relatively tight state since the pandemic. Under debt pressure and financial market stability concerns, liquidity trend expansion is likely, and a global asset bull market may continue.