Fed Officials Say Rising Yields May Lessen Need for Rate Hikes
- Top Fed officials say higher yields may reduce need for more rate hikes
- Benchmark 10-year Treasury yield has risen 40 bps since last Fed meeting
- Fed Vice Chair Jefferson Will remain "cognizant" of tightening from higher yields
- Dallas Fed's Logan Higher risk premiums could "cool economy", needing less tightening
- Inflation easing, but Jefferson attentive to upside risks like strong economy/labor market
