It is certainly the case that today’s super-low interest rates encourage investors to pour funds into risky assets. The Fed probably would argue that it is the job of regulators to make sure that asset bubbles do not induce too much borrowing and an eventual debt crisis, though of course monetary policy has to be in the mix.
那么这些交易员的观点又是对是错？量化宽松政策是否就是“格林斯潘对策”的翻版？当前极低的利率促使投资者将资金投向一些高风险资产。虽然货币政策也必须考虑到这些因素，但美联储可能会认为监管者有责任去确保资产泡沫不会导致过度借贷并最终引发债务危机。