The David Lin Report · Tuesday, August 25, 2026
Gareth Soloway believes the bond market is increasingly dictating financial conditions, raising questions about the Federal Reserve's relevancy. He notes that a 5% yield on the 10-year Treasury could destabilize the struggling housing market, with some areas experiencing conditions as bad as 2008.
“Yeah, and and I would say you get above 5% on the 10-year, that is going to get scary.”
“But the point here is, you're right. Kevin Warsh, basically the market's doing it for him.”
“And what's scary about that is that if the market just does what it wants anyways, then what's the relevancy of the Federal Reserve?”