Economist Rosenberg Sees Untested, Inexperienced Fed

The transcript discusses changes in the Federal Reserve's leadership, highlighting the loss of experienced members and the impact on monetary policy. It examines Janet Yellen's role in setting a hawkish tone and the market's response to the Fed's dovish attempts. The tendency of new central bankers to raise interest rates is explored, along with the presence of wage pressures as noted in the Fed's Beige Book. Barry Bannister provides insights on the market outlook, focusing on Treasury yields and their effect on corporate markets.

What challenges do new central bankers face when considering interest rate adjustments?

Analyze the relationship between Treasury yields and corporate market performance.