BWC Chair Bill Dudley joined CNBC’s Squawk Box to break down what to expect from the Federal Reserve ahead of this week’s policy meeting. Dudley discussed the outlook for potential rate cuts, the balance of risks facing the Fed, and the ongoing debate over whether upside inflation pressures or downside risks to the labor market pose the greater challenge.

He also offered timely insights into the influence of Chair Powell and what the transition to a new Fed chair could mean for monetary policy going forward. Watch the full conversation below.

All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.