The Washington Post is Worried About Bubbles

The Washington Post is apparently disappointed that the Fed did not decide to raise interest rates and slow the pace of economic growth. Its editorial told readers:

"But there are risks [from not raising rates], too, such as the formation of asset bubbles and the sheer loss of credibility the Fed suffers every time it flirts with a new interest rate policy and then doesn’t deliver. The latter risk may have been compounded by the Fed’s so openly acknowledging that its decisions are subject to...