This is CBS I on the world with John Bachelor.

Here's John Bachelor.

I welcome Elizabeth Pika

columnist at the Hill, the columnist at Fox News,

to comment on the meeting of the Federal Reserve

and the vote this way or that way for reducing the cost of money now the highest in decades

reduced it in the direction of balancing out lending, balancing out mortgages, balancing out capital. out Lending,

mortgages, balancing out capital goods,

balancing out everybody,

waiting, waiting, waiting for this moment.

It's here now and what to expect next.

There's a very good evening to you.

Mr. Powell has waited as long as possible to either please or disappoint the markets.

At this moment, I'm reminded as you have cited to me before.

You buy the rumor, you sell the fact. We're about to have a fact from the Federal Reserve

tomorrow afternoon.

Is there reason to believe that the market will be disappointed? Whatever happens?

Good evening to you. Good evening, John. Well, what's really interesting is that expectations have changed so dramatically in the last 48 to 72 hours. I mean, it was basically a given given 100% agreement almost on the idea that the Fed was going to

cut interest rates 25 basis points everyone agreed that the economy was slowing but that

inflation numbers were still robust enough.

They certainly have come down but there still is inflation.

It's still not exactly 2%.

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