Powell's Fed Influence: A Tempering Hand on Warsh

Doug Rediker, Managing Partner at International Capital Strategies and former IMF Executive Board representative, considers Jerome Powell's presence on the Fed Board a 'tempering influence' on current Chair Kevin Warsh.

Rediker expresses reluctance to believe the Federal Reserve would raise rates due to the proximity of the midterm elections, but admits he is not highly confident in this view.

Bond markets in both the US and France are subject to the influence of 'bond vigilantes,' according to Rediker, who also suggests that the 10-year Treasury yield could reach 6%.