Asks Blinder if he agrees with market consensus expecting a hawkish Fed cut with minimal commitment to further cuts.
CNBC Anchor
Alan Blinder
Agrees with the consensus, stating it makes perfect sense. The only suspense is how many dissents and from whom.
Asks how Chair Powell will frame forward guidance.
CNBC Anchor
Alan Blinder
Guidance depends on the dot plot. If it shows multiple cuts continuing, the statement will emphasize data dependence.
Counts at least three potential dissents for no cut and asks what that would say about Powell's leadership.
CNBC Anchor
Alan Blinder
That many dissents would undermine leadership, but doubts there will be that many. Expects the Chair to appeal for unity in a difficult moment.