And note that the government hasn't even started "hiding" the M3 numbers. They won't be "HIDING" them at all, but they don't stop reporting them until march of next year.
They official position is that M3 won't be reported anymore because it is a useless piece of information.
I'm not sure how not knowing the extra value of large CDs and repurchase agreements allows the government to print more money (which is covered under the M0 number) or relaxing credit (covered under M1/M2)
That sort of thing is usually a sign that bankers have found ways around the controlled variables. There is an endless game central banks and the rest of the banking system play. Central banks control money creation by targeting variable X. Banks come up with ways to leave X essentially unchanged yet create additional effective money Y. Central banks target Y. Banks invent Z. Etc.
Incidentally, CPI measured inflation in the last year was 4.3%, significantly above the 3.2% average since 1982. The Fed has been tightening for a reason.