SHEILA BAIR: Watch out! Is the Fed pushing us into another bubble?

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SHEILA BAIR: Watch out! Is the Fed pushing us into another bubble?

SHEILA BAIR: Watch out! Is the Fed pushing us into another bubble?

In a recent series of college lectures, Ben Bernanke sounded a positive note, extolling the Fed’s low-interest-rate policy and predicting sustainable economic growth. I want to believe him, but his words echo the confidence exuded by the Fed in late 2006 when it missed the housing bubble. Is it missing the bond bubble now?

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In a recent series of college lectures, Ben Bernanke sounded a positive note, extolling the Fed’s low-interest-rate policy and predicting sustainable economic growth. I want to believe him, but his words echo the confidence exuded by the Fed in late 2006 when it missed the housing bubble. Is it missing the bond bubble now?

[FORTUNE]

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