Yes, quantitative easing is okay. But that is a lot different than the direct money being given to individuals and businesses by Congress. Especially the direct payments to individuals means printing money.
What the fed is doing is printing money now that will be destroyed later, or held in reserve. Either way, it is backed by actual financial instruments (whatever equity or bonds or notes they're buying).
What the fed is doing is printing money now that will be destroyed later, or held in reserve. Either way, it is backed by actual financial instruments (whatever equity or bonds or notes they're buying).