The Fed’s action in Tweets:
Yellen: “Room for further improvement in the labor market continues” That’s dovish.
— David Wessel (@davidmwessel) March 18, 2015
FOMC marks down NAIRU to 5.0% to 5.2% Had been 5.2% to 5.5% http://t.co/zT3W0RZFBQ
— David Wessel (@davidmwessel) March 18, 2015
Precisely… (more in next tweet) “@delong: .@DanielAlpert So the Fed removed the word “patient”, but they became more patient…”
— Dan Alpert (@DanielAlpert) March 18, 2015