Treasury Secretary Janet Yellen says Americans will likely see another year of ‘very uncomfortably high’ inflation

• • Treasury Secretary Janet Yellen said Thursday that Americans will likely see another year of “very uncomfortably high” inflation.
  • “We have seen a very meaningful increase in gas prices, and my guess is that next month we’ll see further evidence of an impact on U.S. inflation of Putin’s war on Ukraine,” Yellen said.
  • The Treasury secretary’s comments came just hours after the Labor Department said consumer prices rose 7.9% in February, the fastest pace since 1982.

I guess the statements about inflation being a temporary thing have expired.