Won t come down any time soon. i d like to take this opportunity to speak directly to the american people. inflation is much too high and we understand the hardship it is causing. and we re moving expeditiously to bring it back down. we have both the tools we need and the resolve that it will take to restore price stability on behalf of american families and businesses. wall street responded to the fed s decision with a major rally. the dow had been pretty flat most of the day, but a late surge pushed the market to its best day in two years. blue chip stocks gained more th than 900%. all right, for more on this, let s bring in cnn s kristy stout. how are markets in asia interpreting the latest move and the comments from the fed?