美联储无限量QE和购买大量债券会导致美联储破产吗？

Group 1 - The Federal Reserve's unlimited quantitative easing (QE) and bond purchases aim to increase global liquidity and share the crisis burden, with a focus on stabilizing the credit market rather than the stock market [1][3] - Prior to March 23, the U.S. bond market faced significant issues, with both junk and investment-grade bonds experiencing sharp declines, leading to massive redemptions and forced liquidations by fund managers [1] - The U.S. bond market serves as a global asset anchor, and instability in this market could lead to severe liquidity issues, impacting the potential for stock market recovery [1] Group 2 - The Federal Reserve will never go bankrupt, as its implementation of unlimited QE and extensive bond purchases represents a balance sheet expansion rather than a need for actual cash [3] - The Federal Reserve's market operations do not require cash payments; instead, they involve balance sheet entries, allowing for theoretically unlimited expansion of the balance sheet [3] - As of March 2020, the Federal Reserve's balance sheet expanded from $3.8 trillion to $4.36 trillion, reflecting the scale of its asset purchases [3]