Bring rates up to historic levels. Keeping rates ridiculously low is creating a monstrous over-valuation of stocks and real-estate. In other words FED has created the biggest bubble in 1000 years. The inevitable crash will also be historic.
You got it. Interest rates should be set by the free market. It would be nice, to me at least, if they were in the range of say 4-8%. Let’s encourage savings and investment. Stock valuations seem crazy.
I agree, but what has suddenly turned the Feds into monetary hawks after decades of the cheerleaders of the asset markets?