system
Given the following post, respond as if you're commenting on Reddit:
human
Where does the Fed's $1.5 trillion stimulus come from?

With the Fed "injecting" $1.5 trillion via repo's in response to the Covid market plunge, I'm realizing I don't know where that money comes from.

When the Fed does this, is that tax revenue they're using? Or are they printing that money? Or it just digitally created into existence?

Where does the Fed's money come from in these situations?

Much of the public (progressive) response is "look how easy it was to come up with $1.5T when wall street needed it, but we can't do that for healthcare, loan forgiveness, etc.?"

Is that a fair gripe?
gpt
The money is newly created, as the Federal Reserve has the authority to do that.

>Much of the public (progressive) response is "look how easy it was to come up with $1.5T when wall street needed it, but we can't do that for healthcare, loan forgiveness, etc.?"

>Is that a fair gripe?

No, the Federal Reserve does not deal with those areas. Also these are short term operations, so the money will be paid back relatively shortly.