04/23/2012 06:22 pm ET

Sheila Bair: Is The Fed Pushing Us Into Another Bubble?

FORTUNE -- In a recent series of college lectures, Ben Bernanke sounded a positive note, extolling the Fed's low-interest-rate policy and predicting sustainable economic growth. I want to believe him, but his words echo the confidence exuded by the Fed in late 2006 when it missed the housing bubble. Is it missing the bond bubble now?

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