Is the Fed Fighting the Bond Market?

Jay Powell was asked about his first question at the press conference from CNBC, Steve Leisman of all people. Since the November meeting, the 10-year has declined by 60 basis points. Mortgage rates have come down, high yield credit spreads have come in. The economy's accelerated stock market's up 6%. That's obviously the CNBC's take. Is this loosening of financial conditions a problem for the Fed in its effort and in its fight against inflation? And if so, do you need to do something about that?"

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