The Fed can wave its magic wand and make any liquidity crisis go away—much ado about nothing.
(Yes—of course there is no free lunch and inflation will be the result—but that has a significant lag so will be the next guy’s problem...)
Larry Fink of Blackwater thinks Fed Reserve Powell’s fahrts smell like Chanel No.5.
Sure it can by printing more money, more debt and by extension more Inflation.