I think the people in power have become addicted to low interest rates because it fuels economic growth and a bull market.
Neither political party wants to be the cause of a market downturn and that’s precisely what we’ll see if interest rates get too high.
I think anything under 3% rates will keep the market humming along. The problem comes when inflation gets too hot and the fed can’t raise rates fast enough. The Fed and people in power have painted themselves into a corner. So because they seem stuck, it appears we’ll continue with this bull run for the foreseeable future.