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The annual inflation rate is at 6% and 2.7% of the labor force is unemployed. If you were the Federal Reserve, how would you describe

The annual inflation rate is at 6% and 2.7% of the labor force is unemployed. If you were the Federal Reserve, how would you describe what is happening in the economy and what action take? How would this affect the economy, the inflation rate, and the unemployment rate?

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