OLD AND BUSTED: “Yellen expects high inflation rates to be temporary.”
The New Hotness? U.S. Inflation Hit 8.6% in May. Energy, groceries, shelter costs drive fastest rise in consumer-price index since December 1981.
Related: Treasury secretary concedes she was wrong on ‘path that inflation would take.’
More: Real Wages Have Declined This Much Under Biden, New Inflation Data Show.