low inflation is actually a good thing and asset bubbles are actually a bad thing

. . . but Fed policy stupidly tries to counter low inflation and stupidly fails to recognize asset bubbles.

https://mishtalk.com/economics/fed-interest-rate-and-qe-policy-mistakes-in-pictures-and-silly-fed-comments/

(“assets” in this context refer to the prices of stocks, bonds, and real estate)

The above article ends by saying: “The risk of debt deflation and an asset price collapse is very real. Trump policies, especially tariffs, compound that risk.”