Surging Treasury Yields Are Posing a Brand New Problem for Kevin Warsh and the Fed

Surging Treasury yields are posing a brand new problem for Kevin Warsh and the Fed

Markets expect the central bank will take a firmer hand on inflation. It's not that easy.

Kevin Warsh might have to get a lot less popular on Capitol Hill as bond yields soar and rate expectations turn hawkish

"The direction of crude oil prices still bears on what happens to inflation globally and the decisions taken by central banks in response."

Surging Treasury yields pose a brand new problem for Kevin Warsh and the Fed

The bond market is yelling at the Federal Reserve, but the messages are coming from different directions and pose a dilemma for policymakers as they seek to strike a balance that won't tank the economy. Treasury yields continued their upward march Thursday as investors sought to price in a variety…