“Treasury yields are hovering at multiyear highs, reflecting worries about rising inflation and the Fed’s willingness to combat it after officials held interest rates unchanged for a seventh month,” the Wall Street Journal reports.
Trump can demand lower interest rates from the Federal Reserve. But he cannot bully the bond market.
?Political Trivia
Eight moments in political history. Put them on a timeline.
Play →
Five senators. Three bills. Can you guess how they all voted?
Play →
Nine Justices. One case. How did they rule?
Play →
Do you have your finger on the pulse of America?
Play →
Four questions a day.
Play →
A new game every day.