The Federal Reserve is the cause of the bubble in everything (ft.com)

The Federal Board of Governors is composed of 4 Republicans, 1 Democrat, and 2 vacant seats. All four Republicans were appointed after October 2017, with 3 of those in 2018. [0] The balance sheet began reversing in September 2019. [1]

[0]: https://en.wikipedia.org/wiki/Federal_Reserve_Board_of_Gover... [1]: https://fred.stlouisfed.org/series/WALCL