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.
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.