India, Feb. 19 -- Provided the U.S. economy remains near maximum employment, the minutes of the Federal Reserve's latest monetary policy meeting revealed officials want to see further progress on inflation before they consider resuming lowering interest rates.
The minutes of the Fed's January 28-29 meeting also reiterated officials believe a "careful approach" in considering additional adjustments to the stance of monetary policy remains appropriate given the high degree of uncertainty.
Factors mentioned by participants as supporting a "careful approach" included the reduced downside risks to the outlook for the labor market and economic activity and increased upside risks to the outlook for inflation, the Fed said.
While many participan...