Macros With Mythili - Interpreting the Fed Action

The Fed recently raised the range of its benchmark interest rate by a quarter of a percentage point to between 0.25 per cent and 0.50 per cent. Does that indicate that we can now breathe easy? And could we presume all's well with the global economy? Does it imply that we are now on course to a repeat of the NICE years - the years of non-inflationary continuous expansion that ended with the global financial crisis of 2008? Listen in as Rakesh Mohan & Anantha Nageswaran give us their interpretation of the Fed action and what it could mean, particularly for countries like India.