Comments out on the wires now, in an interview in Washington
- Not worried about flattening yield curve
- Doesn't see rising stocks and assets as an investment risk
- Asset values underscore need for the Fed to raise rates
US 10-year yields got a shot in the arm yesterday, rising to as high as 2.43% but has since settled at the 2.40% region.
If anything, it isn't the Fed's optimism on rate hikes that's driving yields right now. Yesterday, the move up was owing more towards the optimism that a tax bill will be passed.