SustainableeconomicrecoveryintheU.S.hascreatedafavorableenvironmentfortheFederalReserve(Fed)’staperingpolicy,butthisoperationfacesmanydifferenttypesofrisk.ChinashouldseizethecurrentopportunitywhiletheFedtapersoperationstocarveoutcountermeasuresinordertowithstandeconomicriskandenhanceitscapacitytowardofffinancialshock.