They have a mandate to do sensible things. And a massive 2nd round of additional fiscal stimulus was not sensible. Additionally, fiscal policy is little slower

They have a mandate to do sensible things. And a massive 2nd round of additional fiscal stimulus was not sensible. Additionally, fiscal policy is little slower or more crude than monetary levers. They could be part of the solution. But putting on the breaks is not going to get them elected. So we have the Fed who get to be the bad guys.