Yardeni Research: Fed should abandon its dovish bias at June meeting

Odaily reports that Yardeni Research stated that as investors grow increasingly concerned about inflation, the Federal Reserve needs to catch up with the bond market, or else it risks losing control over borrowing costs. The incoming Warsh, if more hawkish than market expectations, could instead help Trump achieve the low interest rates he desires. The company's president and chief investment strategist, Ed Yardeni, said the Fed should abandon its dovish bias at the June meeting, as it is "no longer" appropriate given the current market environment. (Jin10)