The $1.5 trillion thing is a bit confusing. That came from the Federal Reserve, not the US Treasury so didn't it just essentially chip away a little bit at the

The $1.5 trillion thing is a bit confusing. That came from the Federal Reserve, not the US Treasury so didn't it just essentially chip away a little bit at the value of all dollars in existence instead of adding to the national debt? The Fed just created that money out of thin air (or zooming electrons) as far as I can tell. A small inflationary tax on everyone holding dollars?