U.S. Fed says current monetary policy appropriate as downside risks recede
WASHINGTON, Feb. 7 (Xinhua) -- In its semi-annual monetary policy report delivered to Congress on Friday, the U.S. Federal Reserve said that the current stance of monetary policy was appropriate as downside risks to the U.S. economy had receded.
"Downside risks to the U.S. outlook seem to have receded in the latter part of the year (2019), as the conflicts over trade policy diminished somewhat, economic growth abroad showed signs of stabilizing, and financial conditions eased," the report said.