Yardeni Research: Fed Should Drop Its Easing Bias at June Meeting

Odaily reports that Yardeni Research has 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. Incoming official Kevin Warsh, if more hawkish than market expectations, could ironically help Trump achieve his much-desired low interest rates. The firm's President and Chief Investment Strategist, Ed Yardeni, stated that the Federal Reserve should drop its easing bias at the June meeting, as it is "no longer" appropriate in the current market environment. (Jin Shi)