The Fed's war on inflation might still not be over despite its year of rapid tightening, Bridgewater co-CIO says

• The Federal Reserve's war on soaring prices might not be over yet, according to Bridgewater's co-CIO.
• It's possible that "inflation is a lot stickier than we'd like and the Fed is going to have to tighten more," Karen Karniol-Tambour said.
• The central bank is widely expected to raise interest rates for a 10th time in a row Wednesday.

The Federal Reserve might still not have won its battle against soaring prices even though it's about to raise interest rates for the 10th time in a row, Bridgewater Associates' co-CIO has warned.

Karen Karniol-Tambour said Tuesday that the central bank could find itself having to hike rates again in the future if its tightening campaign doesn't succeed in dragging inflation down to its 2% target level.