Seems to me the COVID crash would have been a lot worse without the Fed's intervention. It's always a moving target, because the economy is too complex to nail

Seems to me the COVID crash would have been a lot worse without the Fed's intervention. It's always a moving target, because the economy is too complex to nail the perfect intervention, and all interventions are complicated by the reactions of the participants. Under such extreme circumstances (shutting down massive parts of the global economy), there's never going to be the perfect intervention, so there will always be a second order effect to deal with afterwards. In other words, there will always be something to complain about, even if the net effect is positive.