Inflation fight 'may lead' to downturn but that is a risk the Fed will have to take • Fed rate hikes 'challenged' but 'artificial elements' in current economy including high consumer savings and a lack of labor supply • Cant let inflation fester and expectations rise • US could continue to face labor constraints going forward • Supply chains improving 'slowly and inconsistency' The Fed warning that it will sack the economy to control inflation isn't entire new but when it's a relentless headline, it's not going to improve the risk mood or investment in the real economy. (full story)