Fed's Bowman: We're seeing a lot of inconsistent data on economic conditions

• Your guess is as good as mine as to what happens next in the economy
• We are not seeing what we need to on inflation, numbers are jumping around a bit
• A long way to go to get inflation back to goal
• Wants to see a consistent decline in inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term
• Says she thought data before the latest meeting showed a moderation of inflation but most recent data 'has been surprising''
• Recent data indicates we have yet to be effective and we need to raise rates until we reach a sufficiently restrictive level

The line about "a sufficiently restrictive level" is something Powell started saying in November, so it's not new.