Short-dated yields jump as Fed's Powell adopts hawkish tone on inflation


"What we need to see is inflation coming down in a clear and convincing way and we're going to keep pushing until we see that," Powell said at a Wall Street Journal event.

Shorter-dated U.S. Treasury yields jumped on Tuesday and the yield curve flattened after Federal Reserve Chairman Jerome Powell said that the U.S. central bank will "keep pushing" to tighten U.S. monetary policy until it is clear that inflation is declining.

"What we need to see is inflation coming down in a clear and convincing way and we're going to keep pushing until we see that," Powell said at a Wall Street Journal event.

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