As expected, the Federal Reserve did not raise interest rates Wednesday, but its dovish language indicated that a March rate hike may no longer be in the cards.
The former chair of the Miami branch of the Atlanta Federal Reserve, Dorothy Weaver, told CNBC's "Closing Bell" that she agreed with the Fed's decision to leave rates unchanged.
"The last thing they want to do is to raise and end up having to walk it back," Weaver said Wednesday. "Absolutely, I think pausing is exactly the right thing to do. I think there's a very good chance that March is going to be another pause."