The inflation threat isn't over yet – and the Fed won't ease up in fighting it overnight, the co-chief investor of the world's largest hedge fund says

• The inflation threat isn't over and interest rates won't sink overnight, Bridgewater's co-CIO says.
• Karen Karniol-Tambour sees little reason for rate cuts with a strong economy and sticky inflation.
• The Federal Reserve's rate hikes are still working through the system, she says.

Investors wagering that inflation is history and interest rates will plummet are likely to be disappointed, warned the co-chief investor of the world's biggest hedge fund.