The Federal Reserve released its first statement of 2015 on Wednesday. Interest rates remained unchanged and the Fed maintained its vague stance on when investors should expect a rate hike, saying it can be ‘patient’ when it comes to tightening monetary policy. TheStreet’s Scott Gamm was joined in-studio by Jerry Webman, chief economist at OppenheimerFunds for reaction to the Fed’s statement, his take on when the central bank will make its first rate hike since 2006 and how the European Central Bank’s stimulus affects the Fed’s monetary policy plans throughout the rest of the year.
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