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The country in almost all locations is booming! Unemployment is low, spending is high, & savings are low. The FED target range is at 1-1.25%

The country in almost all locations is booming! Unemployment is low, spending is high, & savings are low. The FED target range is at 1-1.25% and inflation is creeping up. EXCEPT the gulf states are recessing and are expecting a severe recession due to a recent devastating hurricane (similar to Katrina) that took out nearly all industry including 100% of the oil and fishing companies. You are a voting member of the FOMC. What analysis would you do and what recommendations would you give for the next vote?

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