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WEKU
Business
Ximena Bustillo

Treasury Secretary Janet Yellen says she was wrong about the risks of inflation

Treasury Secretary Janet Yellen testifies before a Senate Banking, Housing and Urban Affairs Committee hearing last month. (Tom Williams/AP)

Treasury Secretary Janet Yellen said she was wrong a year ago when she said she anticipated inflation would be "a small risk," "manageable" and "not a problem."

In an interview with CNN's Wolf Blitzer on Tuesday, she admitted she had misjudged the threat inflation posed.

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