If you're ascribing that level of intent to the Fed, then what do you say about the current situation? As someone trying to sell my home right now, I can tell that the massive bull run in equity is almost gone already. We issued massive fiscal and monetary stimulus in the face of the steepest recession in history and successfully forestalled economic catastrophe. With the cost being a wild ride for assets and prices that will certainly taper off in the near future. Small price to pay if you ask me. As someone who's lost a ton of (purely notional) net worth in the last year, I think policy makers are doing a really good job.

If you look at the alternative. The ones who said let's keep schools and businesses open during a pandemic and let people die to keep the economy humming along, I'd say we took the right path.