[Wall Street Veteran Yardeni Urges Fed to Abandon Dovish Stance or Risk Losing Control Over Interest Rates] According to a report by Golden Finance on May 18, Yardeni Research stated that the Federal Reserve needs to catch up with the bond market's pace; otherwise, as investors grow increasingly concerned about inflation, the Fed may lose control over borrowing costs. Ed Yardeni, the company's president and chief investment strategist, said that given the current market environment is 'no longer' suitable for a dovish policy, the Fed should abandon its dovish stance at the June meeting. 'If the Fed does not abandon it, investors will believe the central bank is lagging behind the inflation curve and will demand a higher inflation risk premium,' Yardeni wrote in a report. 'The Fed is expected to keep rates unchanged at the June meeting and shift to a tightening policy stance.'