powers and capabilities each have in terms of monetary or fiscal policy

Watch the following video from PBS’s FRONTLINE: https://www.pbs.org/wgbh/frontline/film/meltdown/

Then in a paragraph discuss the different responses the Federal Reserve and the Federal Government took to address the looming recession in 2007 and 2008. Knowing what we know now about the outcome, what could each have done better (or faster)? In answering this question, be sure to focus on the powers and capabilities each have in terms of monetary or fiscal policy.