A real possibility! The massive shutdown was instrumental in slowing down Lupy's penetration of the clinic, with no benefit (except to help the woke left in diddling election laws that made it possible to give us this superannuated, corrupt and incompetent character as our commander-in-chief and "leader" of the free world). Tragic !!!!!!
Going into 2020 interest rates were already extremely low. The FED was jawboned by the administration into 3 rate cuts in 2020 that were not only unnecessary but very counterproductive and added fuel to the various asset bubbles.
The slowdown in 2020 had nothing to do with tight money and more money would do nothing to fight the ramifications of the virus but simply fuel inflation.
Of the course the admin wanted to goose the economy going into the election and it is almost standard practice for the FED to take hands off during an election year but Powell was goaded into it.
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