[Former Singapore Sovereign Fund Executive Warns: Decline in Risk Assets Could Trigger Fed to Restart Quantitative Easing] Jeffrey Jaensubhakij, former Chief Investment Officer of Singapore's Government Investment Corporation (GIC), stated that if risk assets such as U.S. stocks experience a significant decline, the Federal Reserve may restart Quantitative Easing (QE). He pointed out that if the market is indeed in a bubble and it bursts, the Fed is likely to implement more aggressive QE measures, which could provide some support to the commodities market. He also warned that market volatility could rise significantly in the coming months, and investors should pay attention to the impact of increased capital expenditures on returns from AI-related investments and financing methods. Additionally, he mentioned that the current rate-cutting environment is providing further liquidity support to the market.