[dragonwriter]

> Can the Fed do that again

They've probably got more tools, as they've said that the foreign experience puts negative interest rates on the table as a realistic tool.

But, even if they can't, Congress could, in principal, step in with serious fiscal stimulus [0], which is less limited than the monetary tools available to the Fed. But they've been unreliable in the last few recessions, leaving the Fed holding the bag.