BIL - We Give Up! Part 6: Federal Reserve 'Resigned' To Blowing Bubbles

After raising interest rates and getting slapped around by the markets last year, the Fed now appears to accept that future monetary policy can only be easy, even at the cost of ever-larger and more destabilizing financial bubbles. On one hand, this is a truly epochal change. On the other hand, it’s just a recognition of the new normal in which central banks have already lost control.

From Bloomberg:

Fed Seems Resigned to Bubble Risk in Effort to Extend Expansion

Some Federal Reserve policy makers seem resigned to running a heightened risk of asset bubbles

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