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Since the beginning of calendar year 2022, the Fed has raised the target range for the federal funds rate from 0.00% 0.25% to 3.75% 4.00%.

Since the beginning of calendar year 2022, the Fed has raised the target range for the federal funds rate from 0.00% 0.25% to 3.75% 4.00%. At the same time, the Fed has been reducing the size of its balance sheet (quantitative tightening). In the context of the Fed's dual mandate, argue in a single paragraph that these two policy actions are justified

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