According to CoinMeta, Federal Reserve Chairman Kevin Warsh emphasized on August 28 that the Fed needs to curb rising consumer prices and stated that policymakers must be confident that inflation is improving; otherwise, the central bank still has work to do. As a result of this, the yield on two-year U.S. Treasury bonds rose by 5 basis points to 4.28%, while the yield on 30-year bonds fell by 1 basis point to 5.19%.