All right, sir, thank you very much.

Welcome everybody to overtime.

I'm Scott Wapner.

You just heard the bells.

We're just getting started here

from Post-9 at the New York Stock Exchange.

We get right to our talk of the tape today.

It is, of course, the Fed decision and what it means to your money in the weeks and

months ahead. Well let's ask our headline guest today. Jeffrey Gunlock

he is the CEO and CIO of Double Line Capital joins us once again in an overtime exclusive interview on a

pivotal Fed day.

Jeffrey, welcome back.

It's good to see as always.

To see us, God, it's hard to believe that two months passed so quickly since we were on the last Fed meeting.

And so many things happen. Your reaction to today's decision, one in which our own Steve Leisman said the Fed out-hocked the hawks. Is that how you see it?

It's pretty hawkish. I mean started out just saying we're strongly committed to

getting inflation to 2%. That's pretty clear.

It's not a lot like Jackson Bold. And then six minutes later he said the exact same words again.

And so it's, he, they're very aggressive. The problem that they're going to have is that the inflation rate has gone up so much more than they expected and they're trying to get to drop just as fast as it went up and the market pricing and the consensus of

macroeconomists say that they're going to succeed at getting the inflation rate

down to 2% fairly quickly.

In fact, the trajectory that's priced in the market

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