Global Supply Shock Reduces Options for the Fed

Within Days, Russia’s War on Ukraine Squeezes the Global Economy
https://www.nytimes.com/2022/03/01/business/economy/russia-ukraine-sanctions-economy.html
 
Russia-Ukraine War Risks Putting Fed in Bigger Bind
https://www.wsj.com/articles/russia-ukraine-war-risks-putting-fed-in-bigger-bind-11646066724