FIRST AIRED: May 23, 2017

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the federal reserve knobs to market turmoil but maybe not enough I'm Jonathan Spicer writers read correspondent and the central bank is out with its first policy decision since its historic liftoff last month and the big question was whether or not it would stand Pat with interest rates it did the big question was how much it would actually acknowledged her mocha gripping stock markets , oil markets all over the last month lifting the answer for investors it didn didn't acknowledge it quite as much as they might have wanted %HESITATION the federal here in it policy statement did say that it was closely monitoring %HESITATION global development I did drop a bracelet previous statement estimates suggest that there were more risks to the US economy , but for every non to that instability in the market it also one to keep its flexibility to keep raising rates later this year so for example it said that job gains are were strong now and it said that it doesn't expect , oil prices to stabilize through there will be inflation around the corner stocks sold off sharply toward the end of the session and then the stage for a longer standoff between the bed and market