Fed's Goolsbee: The next question will be 'how long are we going to hold at these levels'

<ul><li>I think we're getting close to questions about how long we will hold, rather than how high</li><li>It feels like we're going to hold longer than markets were expecting</li><li>The risk of inflation staying higher is the bigger risk</li><li>The employment side of the economy is going very well</li><li>External shocks have derailed the Fed from achieving a soft landing in the past, so that's keeping me up at night</li><li>Inverted yield curve is a mentality of looking at the past and applying it to future but covid has made a lot of predictions look 'goofy'</li></ul><p>There isn't much here for markets and certainly not anything to halt the rise in Treasury yields. US 10s are hovering right around 4.50%.</p>

This article was written by Adam Button at www.forexlive.com.