Fed defends 'pedal to the metal' policy and is not fearful of asset bubbles ahead squib

One key investor takeaway from Federal Reserve Chair Jerome Powell's press conference on Wednesday: This central bank is not going to break a sweat fretting about future asset bubbles. The Fed launched unprecedented support when the coronavirus pandemic hit the United States earlier this year, slashing interest rates and unleashing asset purchases which has pushed bond yields to lows and sent equity prices to record highs.
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