The increased borrowing, together with the greater wealth that comes with higher asset prices, encourages households to spend more, generating income for other households and creating opportunities for companies. (bankofcanada.ca)
Creating a wealth effect where higher asset prices might lead businesses and households toward greater consumption is precisely what central banks around the world set out to do. (etfexpert.com)
The presidential vote of confidence for Powell reflects the White House and Treasury's desire for low interest rates to fund the public debt and support high asset prices, as well as the probability that the Senate will quickly confirm the nominee. (alt-m.org)