White House Turns Up Pressure on Fed Amid Rising Treasury Yields and China's Export Shock

The White House is increasing pressure on Federal Reserve Chairman Kevin Warsh as Wall Street expects a rate hike. This move comes amidst rising Treasury yields, which have now become an 'all-hands-on-deck situation' according to top economist.

The rise in Treasury yields has significant implications for the global economy, particularly given China's export shock that is pushing the world towards a breaking point. As a result, the U.S. may need to step in and address the issue.