No, I think there is pretty strong evidence putting rates too low certainly does create asset bubbles (housing, equities etc.), true. Raising them will rein tha

No, I think there is pretty strong evidence putting rates too low certainly does create asset bubbles (housing, equities etc.), true. Raising them will rein that in. But I don’t see any firm evidence of a causal relationship in dropping rates to stimulate the general economy and raising them to control general cost inflation (as they claim they are attempting to do when they are doing either one).