Fed Can't Stop the Bond Bulls

The transcript discusses the disconnect between Yellen's statements and market reactions, focusing on inflation trends and the impact of oil prices. It highlights the challenges faced by the Fed and global central banks in managing inflation, especially given the influence of global economic conditions on import prices. The discussion also covers the historical cycles of US inflation and the Fed's limited control over certain inflationary factors.

What is the growing disconnect mentioned in relation to Yellen's statements and the markets?

How does the Fed view the current state of inflation according to the text?

What impact do oil prices have on the bond market as discussed in the text?

What does the text suggest about the future of the reflation story?

What challenges does the Fed face regarding inflation control?