Fed governor Chris Waller to FBN: "Everybody I've talked to in the financial markets, they're staring at the bill, and they thought it was going to be much more in terms of fiscal restraint, and they're not necessarily seeing it. And therefore there's going to be a lot of issuance of Treasuries. And in order for them to buy these things, they want it at a lower price, and therefore, a higher yield." https://www.wsj.com/livecoverage/stock-market-today-tariffs-trade-war-05-22-2025/card/fed-s-waller-tax-bill-appears-to-be-driving-up-borrowing-costs-vtbitg7FJ9vBwgPyGuLE