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Yellen Coddles Up to Powell on Rising Long-Term Yields as a Welcome Sign of Recovery. Wall Street Crybabies Not Amused – WOLF STREET

To let some hot air out of the markets? As long as it isn’t “disorderly.”

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To let some hot air out of the markets? As long as it isnt disorderly.
It seems to be a rare sight that a Treasury Secretary and a Fed Chair color-coordinate their comments about rising long-term yields. On Friday, Treasury Secretary Janet Yellen in an interview on PBS NewsHour echoed what Fed Chair Jerome Powell had said on Thursday in an interview with the Wall Street Journal.
When Yellen was asked about the rising long-term yields that the crybabies on Wall Street are getting so nervous about,…

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