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Officials are uncertain about moves impact on financial markets.
Shrinking the central bank's $4.5T balance sheet involves forces beyond the Fed's control.
Inflation of 2% is a target, not a ceiling, Yellen says.
Historically, Republican presidents have been more likely to face a U.S. recession.
Amid dissents from three FOMC voting members, Federal Reserve again holds interest rates steady.
Tight labor market may put upward pressure on wages.