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Fed Policy Flip-Flop -- March 22, 2015

Fed Policy Flip-Flop -- March 22, 2015

5 Years ago | March 22, 2015 00:00:00

What Has Changed?
On Wednesday, March 18 the Federal Reserve announced no changes in its target Fed Funds interest rate, but removed the key word "patient" from its policy statement. In her press conference afterwards, Fed Chair Yellen went to pains to underscore that removal of that word did not mean that the central bank is not now "impatient". If anything the tone of her comments seemed to suggest the central bank is no longer in a rush to normalize policy.

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