7 ms·
The Fed doesn't have that power though, nor should they. That's up to congress to decide
by eranima 7y ago
The Fed doesn't have that power though, nor should they. That's up to congress to decide
- mushufasa 7y agoExactly. The fed controls monetary policy and acts independently. The US Executive + Legislative branch control fiscal policy, which would be where they could spend on virus programs. The fed is independent precisely so it can act fast in times like these. It's a limited scope but it's something, whereas the extremely partisan congress + Trump likely won't move as fast if at all.