Need a small reply or discussion on the below-given discussion.(the topic of the discussion was What caused the low-interest rates of the early 2000s? Those low-interest rates were an important factor in causing the housing bubble.)

"The Federal Reserve, created on December 23, 1913, with the enactment of the Federal Reserve Act, was aimed to help keep the financial markets steady after a series of financial crises at the end of the 19th century. The goal of the Federal Reserve is three-fold: Maximum sustainable employment, help ensure stable prices, and moderate long-term interest rates. (Bryan Twomey 2022)

The Taylor Rule is an interest rate forecasting model invented by famed economist John Taylor in 1992 and outlined in his 1993 study, "Discretion Versus Policy Rules in Practice." It suggests how central banks should change interest rates to account for inflation and other economic conditions. The Taylor Rule suggests that the Federal Reserve should raise rates when inflation is above target or when grow domestic product growth is too high and above potential. It also suggests that the Fed should lower rates when inflation is below the target level or when GDP growth is too slow and below potential. Taylor noted that the problem with this model is not only that it is backward-looking, but it also doesn't take into account long-term economic prospects. This situation brought rise to the Taylor Rule. Since its inception, the Taylor Rule has served not only as a gauge of interest rates, inflation, and output levels but also as a guide to gauge proper levels of the money supply."