It depends on where the money came from. It could absolutely put new money into circulation if it was slated to Zimbabwe or something, or Ukraine or to stockpile soybeans in Prague.
It can also for sure increase the velocity of money, without question.
There is also a massive difference in March/April 2020 where factories, shops, restaurants, sports, even churches were closed.
I wouldn't think it would make a lot of difference where the money was original designated to be scattered. It's still on the books as circulation regardless of what country you throw it to. The more money they "print" the more money loses its value and can be witnessed as inflation. Sort of like the difference between BTC (fixed supply) and ETH (not fixed supply), one seems to retain more value than the other. Don't think too hard.
Increasing oil (energy) supply and bringing in tariffs can also help reduce inflation in an indirect way.
Short term we expect nation debt to increase. Long term we plan on returning the United States to an economy ran before the existence of the third (current) Federal Reserve.
It's only right to return stolen or scammed money back to the people if they were unaware. Transparency is good.
