Fed's Kashkari on Rates, Inflation, Bond Yields, US Economy

Minneapolis Fed President Neel Kashkari said the Federal Reserve will take whatever action is needed to return inflation to its target, reinforcing a restrictive policy stance. He also cited US economic strength, supply-shock lessons, and the two-year Treasury yield as relevant signals for the policy outlook. The remarks suggest continued sensitivity to inflation persistence and could affect expectations for the timing and extent of rate cuts.