Watch CNBC's expert panel instantly analyze the Fed's rate hike decision

Watch CNBC's Federal Reserve guest panel react to the central bank's decision to raise rates Wednesday for only the second time in a decade.

Going forward the Fed is "going to be focusing on the incoming data," Guggenheim Partners' Scott Minerd said.

He added, "They're going to be seeing how successful the Trump polices are in terms of getting implemented ... I think the Fed would be reluctant to be criticized for falling behind the curve."

To watch the replay of the panel from CNBC's "Power Lunch" in its entirety, you must be a CNBC PRO subscriber.