Based on the news article below, what is the Fed concerned about and what is their likely upcoming rate policy?

a) The Fed is most concerned with an economic slowdown, so it will likely lower interest rates

b) The Fed is most concerned with high inflation, so it will likely raise interest rates.

c) the Fed is most concerned with an economic slowdown, so it will likely raise interest rates.

People who need jobs are getting them, and those with jobs are getting paid more. Business and consumer sentiment remain resilient and spending and investment are also proving to be relatively robust. Gross domestic product, the broadest measure of economic output, grew by 2% in the first quarter. But while job growth is a sign of a healthy economy, Fed Chair Jerome Powell has said that he wants to see more slack in the labor market in order to bring inflation down. If there are too few people chasing too many jobs, he says, wages will rise and add to upward pressure on prices. What's happening: This week, a slew of new unemployment data is expected to show that US hiring finally slowed in June. Economists forecast that the US added 223,000 jobs last month, way down from the 339,000 added in May. But here's the thing: those forecasts have been way off. They projected sharp drops in hiring for April and May; instead there was increased employment. And so in order to get unemployment back to where it thinks it should be (5%)