powell will be taking the stage at the national association for business economics at that conference. this will be power's first public remarks since' announced the fed rate cut decision. for more on what markets might be listening for, we're joined by the senior economist jennifer lee. we have heard from other speakers, but this is the first time that we'll hear from powell. what will be his main message? >> hi there, thanks for having me on the show today. i think his main message is not going to stray too much from what he said a couple of weeks ago. i think that was the equivalent of his mic drop when he had the 50 basis point rate cut, and he said all the right key phrases that you ought to expect, this type of, the size of rate cuts going forward. but they're not in a rush. they're going to take it out, and they are not on a preset course. since then, it's been interesting. we saw a few economic indicators that actually were coming in expected, like upward revisions to g.d.p., and those are actually pretty interesting. another report that showed that consumers a bit more cautio

both green, 10-year treasury yield federal reserve chairman jay powell speaking at national association for business economicrence expected to discuss the u.s. economic outlook ahead of another anticipated rate cut as november's meeting futures traders say 55% chance central bank will cut interest rates 50 basis point again, bring in bear traps report founder "new york times" best-selling author author of how to listen when markets speak larry mcdonald, good morning to you what do you make of these -- predict another 50 basis points cut? >> well, cheryl this is really an incredible moment in political history, the democrats are shrew.d. clever some ways brilliant operators consumer confidence, was at lehman levels lehman levels. so what do they do juice fiscal spending 400 billion dollars, 1.6 trillion corroborate first quarter to two trillion so juiced the fiscal then 50 base rate cuts from jay powell lo and behold a cocktail dangerous cocktail, they have no idea that china was going to -- produce this trillion-dollar lehman post lehman-like fiscal monitor stimulus a crazy cocktail that can overdose monetar

the federal reserve chairman will speak this afternoon at the national association for business economicse krebs, he's expected to discuss the u.s. economic outlook ahead of another anticipate ad rate cuedn november. futures traders see a 55% chance central bank will cut interest rates by 50 basis points again. there's an interesting piece in the wall street journal, saying what to mick of the aggressive rate cut. he said it was powell whose opinion matters most did not see this as any kind of choice in the september meeting, they had to go for 50. he wanted to start with 50 of and pushed the committee in that direction. if powell gives us a today that he still thinks there are warning signs out there about the u.s. economy and in particular the jobs market, that does kind of make the case for another 50 basis point cut in november. >> i think it does. i read the article. he had some points to make and i think if you look at what's happening now, the fed is already cutting like it's a recession even though we don't officially have a recession so maybe knows something that we don't but the

for you. call finance of america and get your free, info kit. call this number. charles: all right, folks, jay powell just wrapping up comment at the national association of business economicseet has been desperately wanting to hear from the fed chair since that fomc question and answer period p. edward lawrence has more details. >> reporter: charles, they got some direct answers from the fed chairman. i've never heard him this pointed, actually. he said in the meeting the f if omc meeting saw 100 pay -- basis points to the end of the year, that means two more rate cuts, one of 25% in no, one of 25% in december to get to that 1010 tobasis points -- can 100. the fed, he says, wants the move slowly from here. the fed's favorite inflation report shows inflation coming down, but core inflation actually going up. and this week we get a jobs report that will likely be a key indicator showing if there's weakness in the labor market. about an hour ago when the fed chairman started talking, he defended his half-percent rate cut. listen. >> as i mentioned, our decision to reduce our policy ate by 50 basis points reflects our growing confidence that with an appropriate recalibration o