There are some wonderful graphs at this link or connected to this link.

They show some very extreme, (intentional in some cases-like the COVID response) things going on with our recent money supply.

https://fred.stlouisfed.org/series/BOGMBASE

Here's an example. I am NOT an expert on interpreting exactly how this will impact our economy going forward but this is a very unhealthy long term situation. 

https://fred.stlouisfed.org/series/MBCURRCIR

How Does Money Supply Affect Inflation?

https://www.investopedia.com/ask/answers/042015/how-does-money-supply-affect-inflation.asp

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While there are numerous factors to consider, I feel that we are so tapped out, near the top of the money supply graph above (with an increasing slope that went parabolic but has leveled off) that it leaves much less flexibility to react to a recession, similar to what happened in 2020 without extremely amplified negative consequences.

In other words, near 0 interest rates and a massive influx to the money supply pulled us out of the COVID damaged economy pretty effectively. ......though it went on too long.

This is what caused the massive increase in inflation that followed.

Trying that same trick now could be catastrophic because we used up all of our bullets.