Minneapolis, Atlanta Fed Leaders Shrug Off Rising Bond Yields

The Federal Reserve doesn’t need to respond with monetary policy to the rise in Treasury bond yields that has rattled many investors, Federal Reserve Bank of Minneapolis President Neel Kashkari said.

In a video interview Friday with The Washington Post, Mr. Kashkari said the yield on the Treasury 10-year note adjusted for inflation is “still…

This post first appeared on wsj.com