Kashkari Says All the Fed Can Do Is Keep Inflation Anchored

Federal Reserve Bank of Minneapolis President Neel Kashkari signaled confidence that markets will remain orderly as investors sort through President Donald Trump’s shifting trade policies and said the central bank must stay focused on keeping inflation expectations anchored.

Speaking after a week that brought a sharp surge in 10-year Treasury yields, Kashkari said US trade and fiscal policy will determine where that number goes.

“At the Fed, our job is to keep inflation under control so that rate isn’t even higher,” he said Sunday on CBS’s Face the Nation.

Neel Kashkari

Photographer: Victor J. Blue/Bloomberg

Kashkari was among Fed policymakers who signaled last ...