[Arthur Hayes: Interest Rate Hikes or Increased Money Supply Will Drive Financial Assets Higher] Odaily Planet Daily News - Arthur Hayes posted on the X platform, stating that raising interest rates can have a stimulative effect when government debt levels are high: bank reserve yields increase, and returns for holders of short-term government bonds also rise, which collectively drives more consumption, particularly in financial assets. He noted that although the Federal Reserve stopped RMP purchases in mid-August, the total assets of the Federal Reserve and banks are still growing and creating money when accounting for the expansion of bank balance sheets. With an increase in the money supply, financial assets will continue to rise even if their prices increase.