美联储“三把手”威廉姆斯：美联储可能很快扩表，以满足流动性需求

华尔街见闻11-07

纽约联储主席威廉姆斯表示，美联储可能很快需要通过购债来扩大资产负债表规模，以满足银行体系流动性需求。 11月7日，据媒体报道，在德国法兰克福举行的2025年欧洲央行货币市场会议上，威廉姆斯的演讲文稿中表示，当银行准备金水平从目前的"略高于充足"状态回落至"充足"水平时，美联储将开始"逐步购买资产"的进程。美联储上周宣布，将从12月1日起有效停止为期三年的缩表进程。部分分析师预计美联储可能在明年...

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href=https://wallstreetcn.com/articles/3758917><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>纽约联储主席威廉姆斯表示，美联储可能很快需要通过购债来扩大资产负债表规模，以满足银行体系流动性需求。\n11月7日，据媒体报道，在德国法兰克福举行的2025年欧洲央行货币市场会议上，威廉姆斯的演讲文稿中表示，当银行准备金水平从目前的\"略高于充足\"状态回落至\"充足\"水平时，美联储将开始\"逐步购买资产\"的进程。\n美联储上周宣布，将从12月1日起有效停止为期三年的缩表进程。部分分析师预计美联储可能在明年...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3758917\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0788109394.HKD","symbol_name":"BGF WORLD ENERGY \"A2\" (HKDHGD) 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自2020年疫情期间，美联储通过国债和抵押贷款债券购买计划，将其整体资产持有规模从不到5万亿美元大幅扩张至峰值的约9万亿美元，以支持经济和金融体系。\n自2022年起，美联储一直允许一定数量的证券到期而不进行替换，旨在为金融体系保留足够流动性以维持对联邦基金目标利率区间的有力控制，同时允许正常的货币市场波动。\n近期货币市场利率上升以及美联储流动性工具的活跃使用，向央行发出了缩表已经进行得足够充分的信号，促使其决定将整体资产负债表稳定在当前的6.6万亿美元水平。\n准备金水平成关键指标\n威廉姆斯表示正密切监控与联邦基金市场、回购市场和支付相关的各种市场指标，以评估准备金需求状况。他指出，判断美联储何时达到需要开始向体系注入资金的准备金水平颇具挑战性。\n威廉姆斯表示：\n\n\"基于近期持续的回购市场压力，以及其他准备金从“充裕”回落至“充足”的迹象，我预计距离达到充足准备金水平不会太久。\"\n\n他强调，美联储的利率控制工具如逆回购和常备回购便利工具运行良好，预计后者将继续被符合条件的机构积极使用。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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