Let the Fed lead the revolution

To all the economists who fret the Fed is useless, and conclude it can do no harm in trying, here is my Fed stimulus action:

1) Empower regional branches to buy and sell state and local bonds
2) Require that the regional branch boards must be fairly elected by citizens.

I mean, that is a lot more localization of knowledge than Central banking affords, and it gets around the Senate anti-democracy problem. Or should we prefer banking via insider knowledge:

“The President and Mr. Buffett discussed the overall outlook on the economy and the reaction to the headwinds we’ve experienced over the last couple of months," White House spokesman Josh Earnest said. "They talked a little bit about some possible measures that would spur investment and increase economic growth. And they also talked about some measures that could address the long-term fiscal situation in this country.”  Hill