Welcome to the Jill on Money Show. It's Wednesday, September 18th. It is Federal Reserve Day.

And as you listen to this, I am hopefully stepping off of an airplane after taking a red eye back from the West Coast so that I could be at work for this momentous day.

Ladies and gentlemen, for the first time, in four and a half years,

the Federal Reserve Bank of the United States

will be reducing interest rates. My guess is it will be a reducing interest rates. My guess is it will be a quarter of a percentage

point. Could it be more? Sure, it could be a half a percentage point. I just think

it's more likely that it's a quarter of a percentage point. What's going to be interesting will

be how Jerome Powell navigates his press conference and to see if there's any news that he makes.

My guess, this guy is pretty, I think on message

and I'm guessing that he's going to tell us

everything's data dependent.

You know, we might go by a quarter of a point next time.

We might go by a half a point.

Maybe we'll skip a meeting.

In other words, we know the direction we're going.

Rates are going down.

We don't know how quickly rates will drop

and we also don't know exactly how, where we will end.

And this is incredibly important because where we're not going is

back to zero percent interest. I can almost guarantee that. When we were at

zero percent interest rates means, or when we have been, because it's happened a couple of times,

when we have been at 0% interest rates and the Fed funds rates, it's not just, oh get juicy low rate mortgages. It's oh my

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