STEPHANOPOULOS: Well, you expect it to come down but prices are going to go up before they go down, right? Again, most economists expect the inflation rate to move up to around 7 percent by the end of the year. Does that sound about right to you?
YELLEN: Well, we have had high inflation in first half of this year and that locks in high inflation really for the entire year, but I do expect in the months ahead that the pace of inflation -- it's likely to come down, although remember there are so many uncertainties relating to global developments and we're united with our allies in certainly wanting to take the steps necessary to address, to, you know, punish Russia for what it's doing in Ukraine and there are some spillovers to us as well.
https://abcnews.go.com/Politics/week-transcript-19-22-secretary-janet-yellen-rep/story?id=85484967
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