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.