[Qasaur]

>The Fed has doubled (!) the number of assets on its balance sheet by creating new monetary instruments and using some of them to purchase financial assets like treasuries and mortgage backed bonds. In fact, the Fed has created more new monetary assets during the past five months than in 2008-2009, during the worst of the global financial crisis.

This is printing money and it is not inaccurate to say that they have created U.S. Dollars out of thin air to finance their asset-purchases and "lending" (a debt that will never be paid off) to the U.S. government.