Coin Bureau, relaying another source: Fed policy rate will fall

The window it was checked over

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

in the description now before I let Ben Karen Take the Wheel there's one more thing I have to cover and that's the fed's recent rate hike as I mentioned earlier the FED raised interest rates by another 25 basis points bringing the federal funds rate between 4.75 and 5 percent this was expected so it didn't really impact crypto prices what was not expected however was that the FED officials foresaw interest rates being above 5 at the end of the year despite the recent banking crisis this somehow didn't affect the markets which is surprising given that investors are pricing in a substantial decline in interest rates by the end of the year this could be because investors don't believe the FED will be capable of sticking to its guns as the economy starts to contract for those unfamiliar it takes about one year for rate hikes to impact the economy well it's been one year since the FED started raising rates so the impact is about to start what's funny is that investors were expecting borrowers to be the first to buckle under high interest rates but it looks like the lenders got the short end of the stick this means the banks especially the small and medium-sized Banks which issue something

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.