Fed Watcher Hilsenrath: It is clear by now officials intend at the March 17-18 meeting to drop the "patience" language from the statement
The Fed has gotten two important signals in the last couple of weeks: in testimony to Congress, Fed Chair Yellen signaled an inclination to drop patience, and the market took the comments in stride, and Feb's decline in unemployment rate to 5.5% means the economy is closer to a state of full employment