Treasury yields rise following Fed Chair Powell’s testimony



  • Powell was grilled by senators on Thursday during his second congressional testimony of the week on monetary policy.
  • While Powell reiterated the view that higher inflation looked to be transitory, he also acknowledged that price pressures were well above the central bank’s target.

U.S. Treasury yields rose on Friday morning after Federal Reserve Chairman Jerome Powell acknowledged in a Senate testimony that inflation was “well above target.” Read More