we hear from the head of fixed income and from legendary wall street advisor richard saperstein. the 2 p.m. hour, the former fed vice chair richard clarida to and former new york fed president bill dudley and in the 4 p.m. hour, i will be back with the former fed governor betsy duke. let's kick things off and studio to with blackrock's head of macro research who leads the portfolio management groups research and the global corporate debt market, private capital and real estate and infrastructure lending. this could potentially be a big day for the markets i'm curious whether you think the pricing we are seeing in this market now is priced appropriately for what you think we will hear in the next couple of hours. >> good afternoon and thank you for having me. i think the market is really priced for a rather supportive outcome from the fed. it's a fed that would be willing to calibrate and adjust interest rates and the policy rate lower in response to improving inflation but not a fed that's waiting for a downturn in growth to adjust that monetary policy stance. i think that is rea