Federal Reserve (Fed) Governor Michelle Bowman said on Friday that they are seeing a lot of inconsistent data in economic conditions, as reported by Reuters.

Key takeaways

"Your guess as good as mine as to what happens next in the economy."

"Unusually low unemployment a great sign."

"We are not seeing what we need to on inflation, numbers are jumping around a bit."

"Recent numbers not consistent with us bringing down inflation to our goal."

"A long way to go to get inflation back down to our goal."

Market reaction

The US Dollar Index showed no immediate reaction to these comments and was last seen rising 0.3% on the day at 104.40.