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Federal Reserve’s Kashkari: The U.S. Treasury market is still functioning normally
Federal Reserve’s Kashkari downplayed market concerns about rising U.S. Treasury yields, stating that the market is functioning well and the recent surge is unlikely to affect discussions on monetary policy.
Kashkari noted that trading in the U.S. Treasury market is proceeding normally, liquidity is ample, and the federal funds rate remains the primary tool for reducing inflation.
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