Wall Street institutions warn: The Federal Reserve has committed the "original sin," and the yield on the 10-year U.S. Treasury bond may approach 8%

TS Lombard's Chief Economist Steven Blitz warns the Federal Reserve committed an "original sin" by easing monetary policy prematurely before inflation was fully suppressed, potentially driving the 10-year Treasury yield to 8%. He attributes this to loose fiscal and monetary policies combined with political pressure, arguing the political will to genuinely suppress inflation may not emerge until 2029.