Federal Reserve keeps buying T-bills while markets hit new highs week after week, holdings reached $438 billion on May 9 and passed the $325 billion 2020 levels.

They keep doing the same things hoping for a different result.
Interesting how these big numbers keep showing up right when things look frothy.
This pattern feels familiar, wonder how long it can go.

The Federal Reserve is still buying T-Bills despite markets hitting new all-time-highs every week.

Jerome Powell said he would only be making these purchases until April 15. Here we are one month later on May 9th and he's still printing.

Their holdings of short duration T-Bills… https://t.co/fvDjn6VCQb pic.twitter.com/UieO3FOHWr

— Financelot (@FinanceLancelot) May 9, 2026