Federal Reserve official Neel Kashkari played down concerns over the recent rise in U.S. Treasury yields, saying market functioning remains solid and the move is unlikely to alter ongoing monetary policy discussions. According to ChainCatcher, Kashkari said trading in the U.S. Treasury market is proceeding normally and that liquidity remains ample. He also said the federal funds rate is still the main tool for bringing inflation down. The remarks suggest he does not see the recent surge in yields, by itself, as a factor that would materially shift how policymakers approach current policy deliberations.
Federal Reserve official Neel Kashkari downplayed market concerns over rising U.S. Treasury yields, saying the market is functioning well and that the recent surge is unlikely to affect monetary policy discussions.
According to ChainCatcher, Kashkari said trading in the U.S. Treasury market remains normal, liquidity is sufficient, and the federal funds rate is still the primary tool for reducing inflation.
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