This is even truer, when the central bank suddenly shifts gears, after having been accommodating financial market developments for an extended period of time. A third option would be that the central bank avoids accommodating asset price movements, which are deemed to move away from equilibrium. As was  18  See Issing (2002) and Garber (2000).
The first is that the rescue of financial institutions is an inherently political act, and involvement in such decisions may compromise central banks’ technocratic credentials. The second concern is the risk that coordination with the government for the purpose of financial stability may spill over into other areas within central banks’ purview, thereby undermining their independence.