Alf @MacroAlf · ''The Fed is lying to us! They told us they would taper in December, but the balance sheet keeps on growing!''

And the smarter people are adding ''It keeps growing at the same pace as before!''

Seen enough of this crap, time to clarify.

No, they are not ''lying'' to us.

Alf @MacroAlf

The Fed announced it would start to taper its asset purchases from $120 bn to $105 bn per month in December.

But the Fed balance sheet size increased by $140 bn in the first 23 days of December alone!

How is this possible?

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