Yardeni Research: The Federal Reserve should abandon its dovish stance at the June meeting

Odaily Planet Daily News Yardeni Research stated that as investors grow increasingly concerned about inflation, the Federal Reserve needs to keep pace with the bond market, or else face the risk of losing control over borrowing costs. The incoming Kevin Warsh, if he turns out to be more hawkish than the market expects, could actually help Trump achieve the low interest rates he dreams of. Ed Yardeni, the company's president and chief investment strategist, said the Federal Reserve should abandon its dovish stance at the June meeting, as it is "no longer" appropriate in the current market environment. (Jinshi)