Analyst: Waller is taming the 10-year US Treasury yield with a hawkish performance on inflation

```htmlJinse Finance reported that on July 1, Ed Yardeni, President and Chief Investment Strategist of Yardeni Research, stated that he believes Walsh is attempting to reduce borrowing costs by taking a tough stance—specifically by pushing down government bond yields that affect mortgage rates and auto loan rates: "We believe the Treasury Department and the Federal Reserve have reached a new agreement to suppress the yield on 10-year Treasury bonds. Besant and Walsh are working as a team and have convinced Trump that the best way to lower borrowing costs is to take a strong stand on inflation and raise interest rates when necessary. This should push down bond yields and stimulate the economy." Recently, Besant acknowledged the influence of the bond market and Trump's recognition of this. On June 23, during a speech at the New York Economic Club, Besant said, "The bond market has toppled more governments than howitzers."```