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YELLEN: "large shocks to the economy [...] that I, at the time, didn't fully understand."
![YELLEN: "large shocks to the economy [...] that I, at the time, didn't fully understand."](/images/2022/06/01/Yellen_large.jpg)

The Secretary of the Treasury, Janet Yellen, said today that the so-called "transitory" inflation, may not be so transitory . . . signaling things will get very much worse.