Fed ‘Bubbles’ Strategy Confronts Concerns About Low Rates

Wall Street Journal, Sept. 30, 2020–Nick Timiraos (subscription)
Federal Reserve officials’ promises to hold interest rates very low for a long time could pose a dilemma once the pandemic is over: how to deal with the risk of asset bubbles.
https://www.wsj.com/articles/feds-new-strategy-confronts-old-questions-on-financial-trade-offs-11601458200?mod=hp_lead_pos4