Fed Chairman Kevin Warsh fails first test as ‘Bond Vigilantes’ drive yields higher, says Ed Yardeni
Kevin Warsh is the chairman of the US Federal Reserve. Some investors, called bond vigilantes, are selling government bonds, which pushes bond yields up. Economist Ed Yardeni says this shows Warsh has failed his first credibility test. Yardeni wrote that Warsh's actions have not convinced the market.
6.1Significance
1 source7.0Source trust