The Federal Reserve is committed to containing inflation, according to its chief, Kevin Warsh. Warsh stated that the central bank's goal is to keep inflation at 2%. This statement was made after a highly anticipated meeting of the Federal Reserve.

The bond market responded to Warsh's comments, with long-term bond yields increasing. Further details on the Federal Reserve's meeting and its impact on the bond market are available from KVIA ABC-7 and other sources, including analysis by John Towfighi of CNN.