We also need to have better macroeconomic policy that ensures fullemployment so that wages are high for everyone, and we need to reemphasize the trades and other mid-skill service jobs, and decredentialize, delicence, our economy, so that there are many things you can do without a piece of paper.
The two respective central banks also would be statutorily stripped of their discretionary monetary authority and relieved of their ill-considered responsibility to manipulate monetary policy in pursuit of fullemployment.
There are limits to monetary policy: the Fed does not have the knowledge to bring about fullemployment, which requires flexible relative prices for all factors of production.