Fed's Waller says higher U.S. yields could cool global demand
Federal Reserve Gov. Christopher Waller said Tuesday morning that the rising yields for long-dated U.S. Treasury bonds is reducing pressure on other long-dated assets like home mortgages and cars, complementing the Fed's efforts to reduce inflation.
Sources
- T1Fed's Waller says higher U.S. yields could cool global demandAmerican Banker (headlines)