The Federal Reserve's balance sheet expansion continues as $72.8B in temporary liquidity was added to financial markets on Friday.
While repo interventions have become mainstream since mid-September, when short-term rates unexpectedly shot up, Fed Chair Jerome Powell has maintained the ongoing program is not quantitative easing, though some believe the central bank is in effect implementing round four of QE.
On Thursday, the Fed reported that its balance sheet had risen from $3.8T in September to $4.07T.
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