Trump-Era Fed Pick Kevin Warsh Takes Charge Of U.S. Central Bank
President Donald Trump, who has repeatedly pushed for lower interest rates, said Warsh should remain “totally independent” while leading the institution.
Federal Reserve
Kevin Warsh’s Impossible Mission
The rise in bond yields comes along with the news that, according to government statistics (which are manipulated to understate the real rate of inflation), consumer prices increased by 3.8 percent over the past year while wages increased by 3.6 percent
Why Are U.S. Treasury Yields Rising So Fast
The benchmark 10-year yield also rose sharply to 4.67%, increasing pressure on mortgage rates and broader borrowing costs across the economy
Trump’s Fed Pick Kevin Warsh Begins New Role Friday
Warsh’s appointment follows a Senate confirmation vote last week that largely split along party lines
What Is Driving The Global Bond Market Selloff
The 10-year U.S. Treasury yield rose to 4.601%, its highest level in 15 months, while the 30-year bond remained above 5.1%, according to market data.
Bond Yields Surge As Inflation Pressures Mount
Recent economic reports showed inflation pressures continuing to build.
