Pepperstone Research Strategist Dilin Wu describes the bond market as "ahead of the Fed," arguing that rising yields on treasuries is a structural issue in the economy. She also warns that Fed Chairman Kevin Warsh is left with only bad options to address the rising cost of servicing US bonds.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-24/why-the-fed-s-warsh-has-no-good-options-video)