DoubleLine Capital's Jeffrey Sherman Says the Fed Needs to Raise Rates

According to Wallstreetcn, DoubleLine Capital Deputy Chief Investment Officer Jeffrey Sherman said the Federal Reserve needs to raise rates to convince traders it is committed to lowering inflation and ease market concerns that pushed 10-year U.S. Treasury yields above 5% this week. Sherman said Fed Governor Kevin Warsh has the ability to help by raising rates as soon as tomorrow, and added that the market is already pricing in a rate hike.