Neel Kashkari on the 10-Year Yield Rise

In a recent interview with CNBC, Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, shared his insights on the recent uptick in the 10-year United States Treasury bond's yield. According to Kashkari, this increase is "not worrisome" and could be attributed to "fiscal deficits." He emphasized the Federal Reserve's commitment to steering inflation back to the 2% target, bolstered by his positive outlook on the US economy's strength.

Economic Outlook and Policy Considerations

Kashkari expressed confidence in the economy's current state, stating, "The economy is in a good place, we want to keep it there while getting inflation all the way back to our target." He also touched on the impact of President Donald Trump's policies on taxes, tariffs, and immigration, indicating that the Federal Reserve is awaiting more information before making any assessments.