Economics

Fed Seems Resigned to Bubble Risk in Effort to Extend Expansion

Lower for longer rate policy may breed financial instability
Powell notes recent expansions ended with bursting bubbles

A Fed move in either direction is only a remote possibility, according to Arend Kapteyn, chief economist at UBS.Source: Bloomberg

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By Rich Miller

April 23, 2019 at 4:00 AM UTC

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Some Federal Reserve policy makers seem resigned to running a heightened risk of asset bubbles and other financial excesses as they seek to keep the economic expansion going.