Posted on 05/18/2026 8:00:04 AM PDT by Miami Rebel
Fox Business anchor Maria Bartiromo agreed with analyst Ryan Payne’s take that the Federal Reserve may now have to raise interest rates to combat persistent inflation in a striking assessment given President Donald Trump’s public months-long campaign to pressure the central bank to cut rates.
Bartiromo had just rolled back a clip from her interview with investor Jeffrey Gundlach on Sunday Morning Futures in which she floated whether newly-appointed Federal Reserve chair Kevin Warsh might raise interest rates, to which he replied that a “hike” was an “odds on bet.”
Trump had berated and attacked Warsh’s predecessor Jerome Powell for refusing to reduce interest rates while expressing hope that the new chair would do so.
Kicking off Mornings with Maria on Monday, the anchor then asked Payne, a regular contributor and president at Payne Capital Management, for his thoughts on Gundlach’s assessment.
“Yeah, I think he’s 100% right,” Payne began, arguing that rising Treasury yields are signaling renewed inflation fears and increasing pressure on the Federal Reserve to raise interest rates again.
He pointed to the 10-year Treasury yield climbing from 4.3% to 4.6% in just two weeks since his last appearance on her show as evidence that markets are now pricing in “higher inflation for longer.”
“I’d also mention the Fed’s fund rate is at 3.5 – 3.75%, inflation tracking at 4% right now, and Jeffrey made a really good point yesterday, you’re into a point where you’re going to have negative interest rates again,” Payne said.
He added: “You mentioned that TINA trade – ‘There Is No Alternative’ – because there is so much money sitting in money market funds right now getting like 3.3 – 3.4% but if inflation’s at 4[%], that’s a real problem.”
“The bond vigilantes have spoken, and what they’re telling you is the Fed probably has to raise rates here just to keep inflation in check because, clearly, right now we’re pricing in a much different market than we were just two weeks ago,” he added, “which is kind of wild.”
Bartiromo agreed: “Yeah, it’s true and, of course, the president continues to say that this is a temporary situation, Ryan.”
I’m sorry, dude. I didn’t mean YOU in particular. I meant a generic “you.” LOL.
It was the Trump administration that informally requested a $200 billion appropriation for the war in Iran, and then proposed a FY2027 budget that included a Defense Dept. spending increase of almost 50% ($1.5T). But Thomas Massie is “the worst Congressman in history” because he doesn’t support this sh!t.
This is pure gaslighting, promoted by the bankers and folks in the Billionaire's Club.
Government deficit spending is the cause of inflation.
The only thing that will curb inflation is some very substantial changes between what government spends and what government collects in taxes.
Energy costs are the only thing really going up right now.
Totally due to Iran.
She should know this.
T Bills
Do it yourself on Treasury Direct.
No fees.
State tax free.
Which occurred before we went to war to stop Iran from getting a nuclear weapon.
-PJ
I am half securities a quarter cash and a quarter bonds. Hopefully there won’t be general pain across the board.
📌
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