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Tl;Dr the Fed doesn't know what the f--- its doing, and empirically there's no sign things are going to get better.

What makes you think they would have been able to manage an even bigger stimulus any more effectively

That's not a good tl;dr. The Fed only controls monetary policy and does not affect fiscal policy, which is Congress' responsibility. The Fed is doing a seemingly good job with the only tools available to them.

If you define "good job" as the rich getting richer and the poor getting poorer, then fine.

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