Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

[A HERETIC I AM]

15. The reason the US Treasury Department and the Federal Reserve Bank are seperate is not "arcane"

They serve different functions.

The Treasury is responsible, among other things, for issuing debt securities and those bonds are sold to cover deficit spending.

According to their own website, The Federal Reserve is responsible for;

Conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.

Supervising and regulating banks and other important financial institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers.

Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets.

Providing certain financial services to the U.S. government, U.S. financial institutions, and foreign official institutions, and playing a major role in operating and overseeing the nation's payments systems.

Lots of people like to say that the Fed "Creates money out of thin air". To the extent they provide credit, that is somewhat true, albeit a clumsy and pedestrian understanding. What is never mentioned is that they also destroy money (credit) INTO thin air as well.

So your statement "The Federal Reserve can "print money" is false. No, it can't. Not even a little bit.