US central bank not rush to adjust monetary policy
(VOVWORLD) - The US central bank has adopted a patient, wait-and-see approach in the monetary policy making process, US Federal Reserve Chairman Jerome Powell said on Friday.
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 US Federal Reserve Chairman Jerome Powell holds a press conference following a 2-day Federal Open Market Committee policy meeting in Washington on January 30, 2019
(Photo: Leah Millis/Reuters)
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In a speech at Stanford University, Powell said it is not necessary to be in a hurry to increase interest rates as US economy grows and inflation stays muted.
In January, FED ceased the 3-year tightening cycle in the context of increasing concerns about risks. Its policy rate stays between 2.25-2.5%. The US central bank will hold a policy meeting scheduled for March 19-20.