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Minneapolis Fed President Neel Kashkari said Friday he's not worried about the spike in Treasury yields so far but would be concerned if the level of inflation-adjusted rates were to spike considerably.
"If we were seeing an real uptick in real yields, that would worry me," he said. "That might warrant a policy response." MNI has reported the Fed may be inclined to do more before pulling back on QE because of lingering recovery risks.