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by dredmorbius 2283 days ago
Indirectly, by avoiding a liquidity crunch.

Specific direct aid is called fiscal policy, and would have to be enacted by Congress (or possibly to a limited extent by the executive): reduced taxes, direct payments or credits, loan guarantees, government spending, other economic policy.

The Fed's tools are monetary policy, and manipulate the overall money supply. That's a powerful, but limited, power.