Inflation in the US

"Every time people were doubting you, in your note, kept telling me, it's here. It's going to come," he said. "And you've been right." He says inflation has moved up from sub-two per cent to something now in the three to five per cent range. The rate will go back down over the next 12 months but won't stay at that level for too long - and we'll be shocked by how persistent this is. But i must confess, throughout my career, i ive probably made systematically more inflammation and overshoot forecast that i've ma got it right.