Student or Learner
This is the AP news. 'The Federal Reserve has left its benchmark interest rate unchanged. The federal funds rate, the rate that banks charge each other remains at two percent. The Fed cited both high uncertainty about the inflation outlook and downside risks to growth.'
1. Does 'cited' mean illustrated the reasons for maintaining its funds rate' or 'mentioned' here?
2. What do 'downside risks to growth' mean? Do them mean the risks of declining economic growth?
Thank you in advance.
1 Gave as a reason for their decision