Janet Yellen: Inflation is high, but this isn't like the '70s

Back then, the inflation scare turned into stagflation — rising prices, combined with slow growth and high unemployment. "In the 1970s, a series of supply shocks became a longer run problem ...

source https://www.cnn.com/2021/11/03/economy/janet-yellen-amanpour-inflation/index.html