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Yellen calls market reaction to inflation data a tremendous mistake

DETROIT (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that recent consumer price inflation data was "a tad higher" than expectations, but Americans should focus on longer-term declines in inflation trends and a strong economy and rising wages. The Labor Department reported on Tuesday that the consumer price index (CPI) rose 0.3% in January, more than the 0.2% gain expected by economists in a Reuters poll, prompting a decline in stock prices as Wall Street speculated on a potentially longer wait for the Federal Reserve to start cutting interest rates.

Podcast Details FBI Investigation into Whitmer Kidnapping Plot

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