[Aunche]

>The main issue with the Fed, was that they made the wrong call on Inflation in 2021, thinking it was "transitory".

They made the wrong prediction, but the Fed isn't in the business of making predictions. It makes sense that they didn't want to crash the economy while people were still largely intent on staying at home. The Fed's mistake was caving into Trump's pressure to reverse quantitative tightening when the economy was healthy in 2019. When an unexpected disaster inevitably struck, they little headroom to lower interest rates, so they had no choice but to ramp up quantitative easing.