Howdy Reader, Last week was stacked. New Fed Chair confirmed and sworn in. CPI ripped to a 3-year high. PPI was even worse. Trump flew to Beijing and met Xi. And the bond market finally broke. The U.S. 30-year hit a high of 5.160% on Friday, the highest level since the run-up to the Global Financial Crisis. Let me walk you through it. Macro Warsh Confirmed. Bonds Broke. Kevin Warsh was confirmed as the next Federal Reserve Chair on Tuesday, May 13, in a 54-45 Senate vote. He officially took...