Even though the fiscal stimulus and goods supply constraints that contributed to that imbalance have mostly unwound and the FOMC has rapidly raised the target range for the federal funds rate, the labor market remains very tight and aggregate demand has proved resilient to  1/3  BIS - Central bankers' speeches  considerable increases in interest rates.
One implication of the strong labor market is that the FOMC's maximum employment goal has been achieved and monetary policy can be utterly focused on fighting inflation. Any fear that we might face two-sided risk in achieving our dual mandate was blown away by the January employment numbers.