the rise in yields looks to be
more linked in the outlook for
the improvement in the economy
and is to be expected.
>> there's been an underlying
sense of an improved economic
outlook and has to be part of
why rates would move back up
from the low levels they were at
back up toward levels that were
more likely to see and that's
been an orderly process.
i would be concerned if it were
not or if conditions were to
tighten to the point where they
might threaten our recovery.
>> powell did not say what that
magical mystical or mythical
level of bond yields was that
would threaten the recovery and
said some supply bottlenecks in
the economy but saw them in the
inflation as temporary
the conclusion after two days of
hearings, the monetary policy
unscathed and has a political
green light to stay the course
on current policy.
tyler?
>> steve, so did -- he wouldn't