Welcome to this CNBC Special on John Fort. Jim Kramer resolved tonight the race to rescue

the banking system leads to a relief rally to start the week as bank stocks, bounce and

the major averages following suit. The Dow jumping 382 points, the S&P climbing nearly

1% in the tech heavy Nasdaq trailing behind but still up nearly half percent as investors

now turn their attention to this week's Fed decision but this won't be your typical

Fed meeting, bank chaos, colliding with inflation, extreme market volatility and that is changing

the playbook for investors and the Fed preparing your portfolio for a critical 48 hours. What

Wednesday's Fed decision could mean for the economy, for stocks and for your investments.

Let's get right into it. Joining us now is Katarina Seminetti, senior vice president

at Morgan Stanley Private Wealth Management and Jeff Kilberg, founder and CEO at KKM Financial

and a CNBC contributor. Guys, welcome. Katarina, are we perhaps focused on the wrong

thing here if we're thinking that no hike or 25 basis points is the focal thing. Is

the real question how much banks are going to slow the economy all by themselves by extending

less credit? Well, John, it's a good question. When we are seeing the situation with the

SVB bank and other regional banks unfold, is this something that specifically is affecting

the financial sector or perhaps as a direct result of the Fed action over the course of

the last 12 months? One thing we know for sure is that the growth is slowing but from the

Fed standpoint, isn't slowing enough to get the inflation to where they need to be. That's

the big question that they will need to answer and perhaps we have one or two more rate

hikes on the horizon but they're getting near to pivot and it will be interesting to see

where they end up but we have a very data driven fact and that are going to be looking at all

the data including the situation with the banks. Well, Jeff, is the Fed even really driving this

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