Record-high stock and property prices are raising the specter of possible asset bubbles, which could complicate monetary policy for Jerome Powell, who has been nominated to replace Janet Yellen as head of the Federal Reserve. While the financial system is better protected from losses than it was before the crisis, the Fed has little room to move on interest rates, leaving Powell with difficult trade-offs, according to this analysis.
Analysis: Bubble threat could be Powell's first challenge as Fed chairman
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