Hello and welcome to the pro rata podcast from Axios. My name is Felix Sam and I'm the chief financial

correspondent round these parts. I'm filling in for Dan Primack on the day after the Fed did not cut

interest rates, which sounds boring, but in fact,

it's actually really interesting.

And we are going to go deeper with Courtney Brown, who knows everything about the Fed.

She's the Axios Fed whisperer.

She's our chief Fed Kremlinologist.

That's coming up.

We are also going to talk about Slack, which is going public on the stock market today without an IPO. It's kind of interesting. We are going to talk about Libra, which is the Facebook cryptocurrency. Don't call it a blockchain. I think it's not a blockchain, but it is crypto. We are going to talk about that. All coming up in 15 seconds.

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back to the pro rata podcast. Courtney Brown. Thank you for getting on the phone with me.

I want to talk to you about the Fed, because you know everything there is to know about the Fed.

The Fed has been doing sweet Fanny Adams, as we English people say, for basically all year.

And then this week it came out and did sweet Fanny Adams, and everyone got very excited and said that this was the most important Fed decision in living memory.

How can it be so important if they just did exactly what we thought they were going to do all along and

it has been doing all year?

Well, if by we, you mean the markets and maybe President Trump.

...