Please help me make sense of the 8% increase in the monetary base from September 10th to September 24th
Non-borrowed reserved decreased by 31 billion, now at -157 billion (-25%). The non-borrowed reserves is old news, but getting worse.

But the monetary base increased from 843 billion to 907 billion (8%). Annualized, that's 685%. Not that it is going to continue at that level, but it is a hell of a lot of money in a short time.

Isn't this the start of inflation (the POOM in ka-poom)?