The bond market isn't buying what Fed Chair Warsh is selling | Hacker News

Bond markets are pushing up U.S. borrowing costs as deficits and public debt remain elevated.

Inflation is still above target, while energy and grocery prices stay high due to war and refinery disruptions.

The piece argues the Fed cannot keep rates low for long without fiscal changes like higher taxes.

It frames the situation as both an economic strain and a strategic setback for the United States.