Kevin Warsh must balance White House pressure for lower rates against market expectations for another hike in October, as 10-year Treasury yields hit a post-2007 high and oil prices climb on stalled US-Iran talks.
Warsh Faces Fed Credibility Test as Bond Yields Surge and October Rate Hike Odds Top 75%
Kevin Warsh must balance White House pressure for lower rates against market expectations for another hike in October, as 10-year Treasury yields hit a post-2007 high and oil prices climb on stalled US-Iran talks.
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