Surging bond yields are putting the Fed and Chairman Kevin Warsh in a precarious spot over how much policymakers should react. Markets are suddenly pricing in an aggressive path of interest rate increases as the central bank responds to a variety of pressures. But some on Wall Street think the Fed shouldn’t overreact, and should instead take a more deliberate approach. Federal Reserve Chair Kevin Warsh speaks during a news conference following Federal Open Market Committee meetings at Federal Reserve Headquarters on September 16, 2026 in Washington, DC. Andrew
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