March FOMC Meeting: Fed is not impatient

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The much-anticipated FOMC meeting for March concluded yesterday with the release of the policy statement and a press conference by Fed Chair, Janet Yellen. As widely expected, the Federal Reserve removed the word "patient" from its language and replaced it with "reasonably confident" that inflation will move back to the Fed's target rate of 2% in the medium term. The Fed's statement was viewed ...

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