![Fed Kashkari](https://images.forexlive.com/images/Fed%20Kashkari_id_2e6a5d6d-7f37-47ce-b76a-e4a6c86e00e6_original.jpg)
Kashkari is speaking on a moderated panel, so more comments could tick in.
- I'm optimistic we can shrink the Fed's balance sheet back to pre-crisis trend line
- We are seeing higher long-term Treasury yields but not higher inflation
- Reason for rise now in 10-year yield is a bit perplexing; one story is it is higher growth expectations
- It's possible that higher bond yields could leave less for the Fed to do
- If higher long-term yields are due to expectations about Fed actions, we may need to deliver
- We will need to look at wage and inflation data for me to get comfortable we've done enough