And welcome everybody to overtime. I'm Scott Woffney. You just heard the bells. We're just getting started right here at the New York Stock Exchange

and we get right to our talk to the tape today. That Fed decision and the fallout for the already fragile markets and your money.

Let's ask those critical questions today to our special guest.

Double Line CEO and Chief Investment Officer Jeffrey Gunlock,

he is back with us now in a C and B.

exclusive.

Jeffrey, welcome back.

It's nice to have you again.

Yes, Judge, this is turning to something of a habit doing the 4 p.m.

Eastern Fed Day show, so I'm happy to be here. It certainly is. It is and I'd like to keep that going. Let me get first off your reaction to what happened today. I know from your tweet last night you wanted 200 basis points and we both know that wasn't going to

happen but what do you make of the 75 that you got? Well it's pretty obvious that

was going to happen as you've been saying since Monday judge I that was obviously it didn't just fall out of the

sky. It was pretty obvious they were going to do 75 and they were warming the market up for it.

But when you look at the reaction from the press conference, in spite of the fact that J Powell was very adamant that it's critical that we bring inflation down to 2%, essentially bring it down, we're going to bring it down.

The market took the

the announcement in the press conferences somewhat dubish, really, I

thought. I mean the dollar falling, I thought that was interesting the two-year treasury

rallying the yield curve steepening that's not really a hawkish action by the

dollar or the bond market so Jay said a lot of things that were seemingly contradictory because he was trying to attack things from many different angles.

And he really, I think, learned his lesson from May where he kind of spent some its credibility by promising no 75 and doing a 75

just deciding out of the hearing just days before.

So what I took from Jay's comments really

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