Why the Fed’s Warsh Has ‘No Good Options’

Pepperstone Research Strategist Dilin Wu describes the bond market as "ahead of the Fed," arguing that rising yields on treasuries is a structural issue in the economy. She also warns that Fed Chairman Kevin Warsh is left with only bad… Pepperstone Research Strategist Dilin Wu describes the bond market as "ahead of the Fed," arguing that rising yields on treasuries is a structural issue in the economy. She also warns that Fed Chairman Kevin Warsh is left with only bad options to address the rising cost of servicing US bonds. (Source: Bloomberg)