Experts react to Fed Chair Powell’s Jackson Hole speech: September rate cut could be on the horizon

market, which was pricing in 65% chance that the fed would cut in September before the speech, now at 100%. Let's bring in our panel to react to what we just heard. Steve Liesman, Paul McCulley, both still with us, along with our own senior markets commentator, Mike Santoli.Steve, I want to start with you out there in Jackson Hole. Your reaction. >> Well, I have here what I've written down as four reasons why the fed may cut and one reason why it may not.So it's 4 to 1 in that regard. It may cut because the ...