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thank you Welcome to our YouTube live and this is to cover what happened at the fomc meeting just now obviously lots of people paid attention to this meeting not so much for the monetary policy although thats obviously very important but also to think about whats going on with the banking crisis in America and now elsewhere now the actual policy decision was pretty much as expected people thought it would be a 25 basis point hike and thats what we got so 0.25 basis points is 0.25 percent and so now you know were a little bit tighter than we were before this meeting now one of the points that emerged over the course of the meeting repeatedly was that what happened in the banking sector right now is that its likely to lead to tightening of monetary policy indirectly and thats because if banks are tightening lending standards then that Titans credit conditions so this is doing the work of the FED for it so if youre really into conspiracy theories youd say well the FED planned this
