pace since june. and that could have major economic and political fallout. lucas tomlinson is live at the white house with more on this. lucas. reporter: jon, jp mayor began ceo jamie dimon thinks the fed has lost some control over inflation. a chemming contact congressman representing joe biden s home hometown in scranton responded earlier on fox. i wouldn t go that far, but what i will say is i think they got a late start. i think they should have started ticking interest rates up a little bit much earlier, maybe six months earlier than they did. reporter: new economic data shows inflation is getting worse. the personal if consumption execs pendtures price index, the fed s preferred gauge for inflation, rose .6% in january. the annual inflation rate also rose to 5.4%, the first increase since it peaked in june making some wonder if the fed is behind on inflation. president biden reacting to the economic news in a statement which read in part: annual inflation in janua
prompting concerns now that the fed could keep raising those interest rates well into this year. welcome to fox news live, i m aishah hasnie, hi, griff. griff: i m griff jenkins. and it s great to be with you. and the biden administration is facing scrutiny over the massive amount of spending over ukraine. lucas tomlinson is on the snowy white lawn of the white house kicking things off for us. high inflation is reducing savings nationwide and producing more credit card debt coupled with higher interest rates. many americans are feeling the squeeze and we don t have to tell the viewers, we feel it every day. let s look at the new inflation index that just came out. this is the personal consumption price index, the feds preferred gauge of inflation. and it rose and beating analyst expectations roughly 4% increase and annual rate 5.4%, as you mentioned the first inflation in inflation data since it peaked in june making some wondering if fed is behind in inflation fight. and p
there on wednesday. the governor has already declared a state of emergency. in cuba, the hurricane caused damage to crops, and knocked out the electricity grid. now on bbc news, the travel show. this week on the travel show, i m in tarifa, in spain, where it s definitely the windier the better as i check out the big air kitesurfing competition. oh, my god, that was so good! i loved it. we are getting artsy in southern turkey for the mardin biennial. and tick, tick, boom we go behind the scenes at boomtown during the countdown to the opening of this year s festival in the heart of the english countryside. it s all hands on deck! hello, and welcome to the travel show, coming to you this week from beautiful tarifa, in southern spain. perched on the southernmost tip of continental europe, just 1a kilometres from north africa, tarifa is the gateway between these two continents. its position leaves the small spanish town open to a blasting from the winds that shape its rugged coa
i m in tarifa, in spain, where it s definitely the windier the better as i check out the big air kitesurfing competition. oh my god, that was so good! i loved it. we are getting artsy in southern turkey for the mardin biennial. and tick, tick, boom we go behind the scenes at boomtown during the countdown to the opening of this year s festival in the heart of the english countryside. it s all hands on deck! hello, and welcome to the travel show, coming to you this week from beautiful tarifa, in southern spain. perched on the southernmost tip of continental europe, just 1a kilometres from north africa, tarifa is the gateway between these two continents. its position leaves the small spanish town open to a blasting from the winds that shape its rugged coastline. in this part of the world, there are two prevailing winds. one is the mellow, consistent poniente wind and the other one is this bad boy, the levante, which storms in from the east and batters this coastline, and when