Photo: Janet Yellen at the U.S. Treasury Department in Washington, D.C., on January 10. Janet Yellen at the U.S. Treasury Department in Washington, D.C., on January 10.

U.S. Treasury Secretary Janet Yellen said persistently weak inflation is likely to return as a long-term challenge for the economy and policymakers once the pandemic-era distortions that have driven the recent price surge subside and prices cool.

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