Having already skewered Fed policy by taking it to the next absurd stage, Sheila Bair warns the...

|By:, SA News Editor

Having already skewered Fed policy by taking it to the next absurd stage, Sheila Bair warns the gang that never saw the housing bubble that they've created a bond bubble. If the market wants to push rates up a bit, she says, the Fed ought to let it. The economy may even benefit as those on the housing sidelines see rates headed north and move into the market.