In mid-2017, an article in the Wall Street Journal noted that “the Federal Reserve’s interest-rate increases aren’t having the desired effect of cooling off Wall Street’s hot streak … where stocks...

In mid-2017, an article in the Wall Street Journal noted that

“the Federal Reserve’s interest-rate increases aren’t having

the desired effect of cooling off Wall Street’s hot streak …

where stocks have rallied to records this year.” Is cooling off rapid increases in stock prices part of the Fed’s

dual mandate? Are such increases a concern for the Fed?

Briefly explain.