The fed has a triple mandate 1. help lower unemployment 2. control prices 3. Bailout their friends (sounds like a sneer but central banks kind of all do that to

The fed has a triple mandate 1. help lower unemployment 2. control prices 3. Bailout their friends (sounds like a sneer but central banks kind of all do that to protect the markets or banks from a run). But using the levers of the fed to prevent expensive assets from normalizing does't seem wise.