Economist: The Federal Reserve Has Entered a "Gradual Money Printing" Mode
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Jinse Finance reported that, according to economist and Bitcoin advocate Lyn Alden, the United States Federal Reserve is entering a "gradual" phase of monetary expansion (money printing), which will moderately stimulate asset prices but will not be as aggressive as the "big print" many in the Bitcoin community previously expected. In her investment strategy newsletter published on February 8, Alden stated: "My base case is roughly in line with the Fed's own expectations: the growth rate of its balance sheet will be approximately proportional to the growth rate of the total assets of the banking system or nominal GDP." She added: "Overall, this means I still prefer to hold high-quality, scarce assets, while gradually rebalancing from extremely exuberant, overheated sectors to those that are under-allocated and underrepresented."
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