There’s good and bad news in the Federal Reserve System’s economic projections released this week with the Fed Chairman projecting short-term interest rates to climb, but not by nearly as much or as quickly as originally expected.  Fed Chairman Janet Yellen earlier this week stated that she thought increases to the rate would happen and that a change to the Fed’s policy statement that removed the word “patient” didn’t mean that it would be impatient in raising short-term borrowing costs!  On the news that the Fed wouldn’t be impatient about adjusting interest rates led to a 227 point recovery by the Dow Jones after a significant drop before her comments.