The Fed has pursued its strategy of low long-term interest rates in the hope of stimulating economic activity. At this point, the extent of the stimulus seems very small, and the risk of financial bubbles is increasingly worrying.
美联储的低长期利率战略的意图是刺激经济活动。目前，刺激的规模似乎太小，而金融泡沫风险在与日俱增。