Never has so much money depended on one word.
Merriam-Webster defines the word "patient" in part as "done in a careful way over a long period of time without hurrying."
The Fed's Open Market Committee made financial markets obsess over the word in January when it said that "Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy."
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As the central bank gets closer to a rate hike, though, some expect the word "patient" might come out of the statement it issues Wednesday, perhaps in favor of another word signalling the pace of its rate plans.
Calm? Easy-going? Forbearing? Indulgent maybe? Serene? Even, dare we say it, unruffled?
Those are all synonyms for patient according to Thesaurus.com. Take our poll below and pick which one you think might make a good "patient" replacement. (Assuming, of course, that the Fed remains in no rush to conduct its first rate hike in 9 years).
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