Pantheon Macroeconomics - The FOMC gave every impression yesterday that it was collectively very reluctant to drop "patient" from the statement--presumably, members conceded that the surge in employment growth left them no choice--and then did its very best to pretend that the change in the language didn't mean very much.

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19 Mar. 2015 Reluctant Tighteners, but the Fed Will Have to Move - June Still Live

By Ian Shepherdson

The FOMC gave every impression yesterday that it was collectively very reluctant to drop "patient" from the statement--presumably, members conceded that the surge in employment growth left them no choice--and then did its very best to pretend that the change in the language didn't mean very much.

Posted: 19th Mar 2015 in 'U.S. Documents'

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