Goldman Sachs boss David Solomon warns the fight against inflation is nowhere near over – because the US jobs market still looks so strong

• The Federal Reserve's battle against inflation is nowhere near over, according to David Solomon.
• The Goldman Sachs CEO warned that the US's red-hot jobs numbers are making the central bank's task much tougher.
• “It’s very hard to cool off this inflation when you’ve got such a strong labor market,” he said last week.

The Federal Reserve's fight against inflation is nowhere near over yet because the US jobs market still looks resilient, Goldman Sachs boss David Solomon has warned.

The bank's CEO used a baseball analogy to describe soaring prices last week, saying that recent red-hot payrolls numbers mean that the central bank is nowhere near the metaphorical ninth inning of its battle to tame soaring prices.