Fed's Bowman expresses disappointment with January inflation data

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Fed's Bowman expresses disappointment with January inflation data
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Federal Reserve Governor Michelle Bowman on Friday expressed disappointment with the January inflation data.

A top Federal Reserve official on Friday expressed disappointment with the U.S. January inflation data, saying the central bank needs to continue raising interest rates to bring down inflation that is “much too high.”

The... A top Federal Reserve official on Friday expressed disappointment with the U.S. January inflation data, saying the central bank needs to continue raising interest rates to bring down inflation that is “much too high.” She said it looked like this consistent trend might have been in the offing late last year, but the January data threw a spanner in the works.

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