[ARCADIA]

"Resource utilization" likely refers to a possibility of lower unemployment, which would let workers insist on higher wages.

More likely "resource utilization" refer's to the money supply, which is what the Fed is most concerned about. As long as our public debt continues to grow, as long as our current account is headed in the wrong direction, we will have to pay more to attract the required credit. Otherwise, the dollar would weaken further making our imports that much more expensive, and generating cost push inflation.