Yes, but you're pumping $400 billion into financial markets, inflating financial assets and enriching the people who own those assets and who are overwhelmingly affluent and well-to-do people. In the process, you are diluting the wages of working class people.
Your own policy paper from your bank shows that inflationary costs are borne disproportionately by the poor and the disadvantaged. You're effectively transferring an enormous sum of wealth to those who have financial assets, while diluting the wages of working-class people. Are you not worried that this is going to expand the gap between rich and poor?