Clearly you could read the headline as sensational. However, if you look at the fed balance sheet, it has increased significantly recently. [1] The increase in the balance sheet has been in overnight or short term repos. The question remains whether this will result in a longer term FR policy. That is, even though the maturity of the loans are overnight, if the policy remains for years than the cumulative effect is that the the longer term balance sheet has increased.

[1] https://www.federalreserve.gov/releases/h41/current/