joining us on set is joe moglia. he's the former head coach with coastal carolina university. etting ready for this decision what do you think? 75 basis points and then -- >> i'm chuckling a little bit but somebody talks about the fed 30 times a day on cnbc there were too many people spending too much time thinking about too many things that don't matter that much relative to what's going on. i think powell has never been clearer. he spoke for five minutes. we're going to 2%, not fooling around the reason why we can't play around is because if inflation lasts too long, then it gets embedded in the economy on a long-term basis that's a real problem. >> although the market didn't seem to take heed of that message. it was a clear message that was coming out the market has moved pretty precipitously since then it seems that maybe they were expecting the fed would lose its resolve. >> i don't know how anybody could think that. >> i don't either. >> i'm never going to challenge the market the market's not wrong, but the guy could not have been clearer and then even after, how do you