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Powell Goes Easy on Surging Yields While Central Bank Peers Fret Bloomberg 2/24/2021 Enda Curran, Matthew Boesler and John Ainger (Bloomberg) The unprecedented $9 trillion rescue mission by central banks to haul the world economy from its coronavirus recession is being tested as rising bond yields and inflation bets threaten their ability to keep borrowing costs down. Popular Searches While Federal Reserve Chairman Jerome Powell this week called the recent run-up in bond yields “a statement of confidence” in the economic outlook, other counterparts are sounding less sanguine as their recoveries lag that of the U.S.. European Central Bank President Christine Lagarde said Monday that she and colleagues are “closely monitoring” government debt yields. The Bank of Korea warned it’ll intervene in the market if borrowing costs jump, Australia’s central bank has been forced to resume buying bonds to enforce its yield target and the Reserve Bank of New

United statesNew south walesEthan harrisJerome powellErnie tedeschiNick kounisAlicia garcia herreroKrishna guhaChristine lagardeAsia pacificFrederic neumannShane oliverAmro holdingJpmorgan chase coEuropean central bankHoldings plc