(2) The Federal Reserve's Next Monetary Policy Meeting Recommendation Brief the Chairman of the Federal Reserve on the current state of the labor market and the current and near future inflation prospects. Your memo will provide advice to the Chairman for the next Federal Open Market Committee (FOMC) meeting. Forecast inflation and unemployment one-year ahead, making an assumption about next year's real GDP growth rate and using the Okun's law and the Phillips curve. You may assume a b coefficient of 1, that expected inflation is equal to actual inflation, and a negative supply shock v=0.5%. Provide an interpretation of the supply shock based on current events in the news. Make sure you justify your assumption of the real GDP growth rate, either documenting precisely its source or explaining your reasoning. Create at least one chart or a table showing the inflation and GDP forecasts you made and explain your results