Fed's Warsh lays out forces driving up bond yields
TLT•Warsh says higher yields reflect economic and capital spending strength
NEW YORK, Sept. 16 (Reuters) - Federal Reserve Chairman Kevin Warsh said on Wednesday that rising bond yields are not a function of a loss in confidence in the central bank.
Instead, the rise in real-world borrowing costs is due to economic strength, surging capital expenditures that have increased the competition for capital, and geopolitical factors, Warsh said in a press conference following the Fed’s latest meeting.
