QUESTION

Now suppose the FOMC statement were to differ slightly and now reads as follows:

"Information received by the FOMC indicates that inflation increased at a brisk pace, while the unemployment rate remains somewhat below its estimated natural rate. Prices increases in goods appear to be primarily driven by supply shortages in chip factories due to extreme weather events and are expected to ease within the next 6 months. So far, wage increases have been moderate."

In light of this statement, what monetary policy recommendation, Please explainin detail

Thanks