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And president xi jinping having dinner. Herearkets reacted to take us through the market reaction, Michael Mckee. What is at the fed had to say that got the attention of the market . Mike they did talk about the market. They are watching valuations. The feds job is to keep Financial Markets stable. They are a little concerned at the way things are going. There isnt much they can do about it at this point. This may just be a verbal warning shot to wall street. Aboutd went into detail its Balance Sheet program and where they will start reinvesting. By the end of the year, they want to get a couple more rate increases in and then the open question is how they do it once they start going. David nobody quite knows the answer to that. Rate hikes on the one hand and rolling off the Balance Sheet on the other. Mike there was not a tied to that in the minutes, but there was the interview with bill dudley. Qe lowered Interest Rates. If you start removing it, you will start raising Interest Rates

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