Yardeni Urges Fed to Drop Easing Bias or Lose Control of Rates

The Federal Reserve needs to catch up with bond markets or risk losing control of borrowing costs as investors grow increasingly worried about inflation, according to Yardeni Research.

Ed Yardeni, president and chief investment strategist, said the US central bank should remove its easing bias at its June meeting, given that it is “no longer” appropriate in the current market environment.