system
A chat on subreddit /r/wallstreetbets
human
But if people don’t have jobs they will default on their debt. This will cause banks to fail, and lead to a depression.

I think he is treading on thin ice.
gpt
If the fed looks into detail of everything .. interest rate would be increased in early 2021.  They didn't care.

If defaults starts and banks starts to have problems.. Even better... More layoffs .. gives them a reason to start QE and lower interest rate.

They will say no one will see a depression coming when everyone did.

You need to fail economics in order to be federal reserve chairman/chairwoman