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here [Music] the Federal Reserve has raised interest rates by 25 basis points bringing the Benchmark funds rate to a range of 4.75 to 5 that is the highest level since 2007. fetche Jerome Powell says that if the FED needs to raise rates higher it will but the fomc statement saw docHub changes this month with the phrase ongoing increases in reference to the policy rate now removed and replaced with some additional firming and of course this comes in the midst of ongoing concerns about the banking sector following the collapse of silvergate Silicon Valley Bank and signature fetcher Powell also noted that yes there are serious problems in a small number of banks but assured the public that the FED will use all of its tools to keep the banking system safe while helping us make sense of this and what this all means for the markets and your portfolio and what the FED could do going forward lets bring in Danielle demartino Booth CEO of cool intelligence and author of fed up and inside t
