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Treasury Secretary Janet Yellen said in an interview yesterday that she "was in good company in failing to see that inflation would increase and remain as persistent as it has."

New yorkUnited statesNordrhein westfalenJeremyb ruddJerome powellJanet yellenJason furmanFederico gambariniFederal reserveEthan harris at bankUniversity of michiganConsumer price indexEthan harrisPhillips curveSecretary janet yellenGetty images