Neel Kashkari's Perspective on the Economy

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, shared his insights with CNBC in a recent interview. He expressed that the increase in the 10-year United States Treasury bond's yield should not be a cause for concern. According to Kashkari, this rise could be attributed to fiscal deficits.

Commitment to Inflation Targets

Kashkari reassured the public of the Federal Reserve's commitment to bringing inflation back down to its 2% target. He highlighted the strength of the US economy, based on the feedback he has received. "The economy is in a good place, we want to keep it there while getting inflation all the way back to our target," he stated.

On President Trump's Policies

When discussing President Donald Trump's policies on taxes, tariffs, and immigration, Kashkari mentioned that the Federal Reserve is awaiting more information before making any judgments. This cautious approach underscores the Fed's commitment to data-driven decision-making.