[Analyst: Walsh is Using Inflation Hawk Performance to Tame 10-Year Treasury Yields] According to a report by Jinse Finance, on July 1, Ed Yardeni, President and Chief Investment Strategist of Yardeni Research, stated that he believes Walsh is attempting to lower borrowing costs through hawkish rhetoric—by pushing down government bond yields that influence mortgage rates and auto loans: 'We believe a new agreement has been reached between the Treasury and the Federal Reserve, aimed at suppressing the 10-year Treasury yield. Besant and Walsh are working as a team and have convinced Trump that the best way to lower borrowing costs is to take a tough stance on inflation and raise interest rates if necessary. This should push down bond yields, thereby stimulating the economy.' Besant recently acknowledged the influence of the bond market and Trump's recognition of it. During a speech at the Economic Club of New York on June 23, Besant stated: 'The bond market has toppled more governments than howitzers ever have.'