Welcome to overtime. I'm Scott Wabner. You just heard the bells. We of course right here at Post 9 are just getting started.

And we go right to our talk of the tape today, a historic Fed decision. What it means to your money and stocks,

which jumped and jumped big time on a very specific

comment from the Fed chair. So is a broader rally really ready to happen? The

biggest question of all though, can the Fed actually pull off its most delicate balancing act in decades?

Let's ask Double Line Capital CEO Jeffrey Gunlock.

He is with me live today in a C NBC exclusive interview.

Welcome back, Jeffrey.

It's good to see you again.

Hey, Judge, could be back on Fed Day again.

Yeah, it sure is great to have you.

We said it's a historic move today by the Fed your first reaction is what?

Well I want to put it in context to start with we all know that the Fed was far

far too dovish last September and perhaps into December.

And then last Fed meeting, there was a lot of talk about we're going to get rid of inflation,

we're going to bring inflation down, we're going to bring inflation down.

And so we basically have those as the goalposts.

We had way too dovish and then we had a pretty strong commitment.

And that was supported of course course, by short rates going up a lot,

from only about 15 basis points,

for much of last year, up to basically close to 3% on the two year and as I've said in past

appearances the Fed always follows the two year. But the one thing the market was

...