He sure doesn't sound too worried about the bond market developments
- Bond yields remain meaningfully lower than pre-pandemic levels
- Expects inflation levels to rise, but not to problematic levels
- Remains confident that Fed will reach inflation goal in the long run
- Economy is poised for a very healthy spring and summer
- We're at the point where there's daylight on the horizon
- Full interview
Just take note though, that this interview was conducted last Wednesday. Still, it's not quite the headline that risk trades will be too comfortable with - especially if Fedspeak this week continues to reiterate a similar messaging.
10-year Treasury yields are at the highs for the day, near 1.44%:
