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Thursday, October 03, 2019 8:28:05 PM
The Fed claims its not doing QE, but last week it's balance sheet expanded by $88.1B. It's grown by $176B in the past 3 weeks. During QE3 at most the Fed's balance grew by $85B per month. So the Fed is buying more than twice as much debt when it's not doing QE than when it was!
— Peter Schiff (@PeterSchiff) October 3, 2019
However the term is short. o/n or 3 weeks. as said not “permanent”, but still amazing amount of $.
https://fred.stlouisfed.org/series/WALCL
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