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Yardeni Research: The Federal Reserve should abandon its easing bias at the June meeting
ME News Report, May 18 (UTC+8), Yardeni Research said that as investors grow increasingly concerned about inflation, the Federal Reserve needs to catch up with the bond market; otherwise, it risks losing control over borrowing costs. For the incoming Fed Chair, if they are more hawkish than market expectations, it could actually help Trump achieve his long-cherished goal of low interest rates. Ed Yardeni, the company’s president and chief investment strategist, said the Federal Reserve should drop its easing bias at the June meeting, because in the current market environment it is “no longer” appropriate. (Source: ODAILY)