Yellen: I'm 'in Good Company in Failing to See That Inflation Would Increase and Remain as Persistent as It Has'

During an interview with CNBC released on Tuesday, Treasury Secretary Janet Yellen said that she "was in good company in failing to see that inflation would increase and remain as persistent as it has." And blamed "a series of shocks that virtually no one could have predicted" like Russia's invasion of Ukraine and supply issues for the inflation problems.