Sure, not unilaterally. But last time the fed chair testified before congress that emergency action was required [1]. The fed can do lots of things besides futz

Sure, not unilaterally. But last time the fed chair testified before congress that emergency action was required [1]. The fed can do lots of things besides futz with interest rates. But again, this is just Sunday afternoon armchair quarterbacking. [1] https://en.wikipedia.org/wiki/Economic_Stimulus_Act_of_2008#Rationale https://en.wikipedia.org/wiki/Economic_Stimulus_Act_of_2008#...