With the FOMC meeting scheduled for Tuesday can you get ahead of the Fed?

Joe LaVorgna, Deutsche Bank Chief U.S. Economist joins the panel for the conversation. Following is a summary of his main points.

I don’t think the Fed can do anything other than drop rates Tuesday, says LaVorgna. I expect that the Fed will try and ease market pain to the extent that its possible by cutting interest rates.

How low will the Fed go?

I think right now the cut is 75 basis points, says LaVornga. But a full point could be on the table.

What’s going to stop the downward spiral in financial services?

I don’t know, replies LaVorgna, unless there’s some bailout that we don’t know about. But it's clear to me that the market isn’t comfortable that the liquidity crunch is going to stop.

What do you make of Friday’s inflation number?

I don’t think inflation numbers mean that much. They’re probably payback from a few months back when they were too high. But right now all that really matters to the market is the health of the financial services sector.

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Trader disclosure: On Mar.14,, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Finerman Owns (GS); Finerman's Firm Owns (AAPL), (FNM), (MSFT), (NMX), (NYX), (SKS), (TSO), (VLO), (WMT), (YHOO); Finerman's Firm Is Short (IYR), (SPY), (IWM), (IJR), (MDY), (COF); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Pete Najarian Owns (AAPL), (AMR), (C), (MS), (MSFT), (NOK), (YHOO); Pete Najarian Owns (COP) Calls, (DNA) Calls; Pete Najarian Owns (FNM) Puts, (LEH) Puts, (USB) Puts; Finerman's Firm Is Long (CCU) Call Spreads

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