Jim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the Federal Open Market Committee held on March 16/17.  The quick takeaway, the Federal Reserve (Fed) is in no hurry to remove or alter its accommodative monetary policy this year.  The Fed continues to project the federal funds target rate will remain near 0.00% through 2023 based on the recently updated Summary of Economic Projections.  During the post-meeting conference, Fed Chairman Powell acknowledged the recent rise in bond yields but didn’t believe there was a need to alter the amount of monthly bond purchases.