What were they supposed to do during the scariest moments of a global pandemic when millions of people (mostly already in debt) lost their incomes and many indu

What were they supposed to do during the scariest moments of a global pandemic when millions of people (mostly already in debt) lost their incomes and many industries ground to a halt? I don’t think that’s a great time to raise interest rates. How many people would be under water as their homes lost so much value? How many people would be literally on the streets without money for food without a check to get through those couple months of absolute uncertainty. I agree with you that the Fed has dug a hole I’m not sure they can get out of without some pain. The market nearly melted down 2 years ago when interest rates went up to just barely above historic lows. It’s hard to raise interest rates when money is being printed.