Here's your summary from Inflation Has Been 'Too Damn High,' Clarida Says (https://www.youtube.com/watch?v=yvZBmT7kXis) on the Bloomberg Television channel:

### TLDR:

Inflation has been consistently high for three years, leading to a cautious approach towards interest rate hikes.

### Key Points:

1. Inflation has been persistently high for three years, influencing decisions on interest rate adjustments.

2. The current economic data suggests a need for patience in making decisions on interest rates.

3. The goal is to ensure that any inflationary pressures are seen as temporary and do not lead to long-term expectations.

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