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A comment on Fed to inject $1.5T to prevent ‘unusual disruptions’ in markets. Parent comment

Re:Fed to inject $1.5T to prevent ‘unusual disruptions’ in m... by eranima on Thursday March 12, 2020 @02:28PM (#22560030)
The Fed doesn't have that power though, nor should they. That's up to congress to decide
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Re:Fed to inject $1.5T to prevent ‘unusual disruptions’ in m... by mushufasa on Thursday March 12, 2020 @02:36PM (#22560151)
Exactly. 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.

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