China’s central bank grew its balance sheet by $560 billion in four months; Fed remains stagnant.

Notice the set-up. One of these two central banks' balance sheets is growing…and it isn't the Fed. The People's Bank of China has increased its balance sheet by $560 billion in four months. That is a 9.4% jump. Feel free to ignore it. pic.twitter.com/3toz8nvh8Z

— Jeff Weniger (@JeffWeniger) October 19, 2024