Is the Fed Trying Too Hard on the Labor Market?

We're levels we haven't seen in 40 or so years. I think we're going to 1% inversion. If the curve inverts more, that would suggest the possibility of a much deeper and prolonged recession if the Fed doesn't heed its message. Right now, as you know, the Fed is singularly focused on the labor market. To me, that's a mistake. The inflation expectations, 10-year break even rate is down about 220. All the surveys of inflation expectations tell us that inflation will moderate significantly.