Welcome to the Jill on Money Show.

It is Sunday, June 11th.

And today we are airing a second part of our special video interview with Gina Smilak.

She is a writer at the New York Times.

She covers the Federal Reserve and the economy.

And when we interviewed her, she had just published this great new book about the Federal

Reserve called Limitless.

It was a great deep dive into the history of the Federal Reserve and some very funny

connections that some officials have with Fed officials of the past.

It was just, I really found it illuminating.

Again, this is an interview that you can watch in its entirety through our new service

called Jill on Money Live.

That's where you have access to quarterly live webinars and special bonus content like

this interview with Gina Smilak.

Today, this snippet of our interview really does focus on how the Federal Reserve leaving

interest rates so low for so long created some bizarre incentives and massive risks in

the system.

So here's our interview or part of our interview with Gina Smilak.

So I'm wondering from your perspective, as you were reporting on the Fed, I know that

that you have been covering this in the times, that there was a real fear that low interest

rates for so long created asset bubbles and that when the Fed did finally start raising

rates last year that there could be unintended consequences.

...