The Bond Vigilantes Are Already Revolting Against New Fed Chair Kevin Warsh. Here’s Why He Might Be Forced to Pivot
The Bond Vigilantes Are Already Revolting Against New Fed Chair Kevin Warsh. Here’s Why He Might Be Forced to Pivot In the high-stakes arena of monetary policy, few forces are as unforgiving as the bond market. When a new Federal Reserve chair takes the helm, the bond vigilantes—those institutional investors who enforce fiscal and monetary…