There is NO INFLATION!!!!!!!! It is a simple DEFLATION of the value of the DOLLAR!!!!!!!!!
I am old enough to remember when ONE DOLLAR per hour, was a good wage for a teenager!!!!!
And you can not imagine how far that dollar went!!!!!!

This person is supposed to be an economist and (apparently) doesn't know what causes inflation! Ms Yellen, FYI, it's not caused by people spending money per se. It's caused by people having a windfall of currency to spend on the same amount of goods and services that exist for purchase. In short, it's the sudden influx of manufactured money available for the limited amount of goods and services available that drives up prices. That's why it's called monetary inflation. But what can anyone expect from a Keynesian believer?

Inflation is a type of theft where the currency has been devalued, weakening buying power
[4pillarfinance.com]