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Indicators of economic exercise and work have continued to reinforce. Career gains have been robust in recent months, plus the unemployment rate has declined substantially.
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The invasion of Ukraine by Russia is causing remarkable human and economic hardship. The implications to the U.S. economic system are highly unsure, but from the near term the invasion and similar gatherings are likely to create additional upward stress on inflation and weigh on economic action.
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In assessing the appropriate stance of monetary policy, the Committee will proceed to monitor the implications of incoming information for your economic outlook. The Committee would be prepared to modify the stance of monetary plan as suitable if threats emerge that could impede the attainment on the Committee's aims.
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