larry somers said the fed should stop after this rate hike. >> he did. >> after spending last two yearsing it was a '70s all over again. so even larry, who has held fast this is a wage price spiral issue said the uncertain outlook should get of fed pause. >> for this meeting? >> after this meeting. >> so what is your reaction to what ron just said about larry somers an the effect of a potential pause or some signaling that we're getting closer to the end of the trail on rising rates. what will that mean for equities >> with, -- well if they stop after one, we've been sang win about inflation knowing it was a this too shall pass. we're getting concerned that people are moving to becoming overly unconcerned about inflation. we think there might be some wage stickiness out there sort of circling in the back half of the year i think there are a decent chance of recession. i love for them to stop after probably two i've sort of with ron in terms of thinking that it is probably after two they're going to stop. it would be very unlikely that there is a third but i also think larry, you know, l

those are the words of former clinton treasury secretary larry somers. the american people elected republicans to get our fiscal house in order and get our fiscal house in order we will. that starts with making key changes to house rules to ensure we still -- we instill some fiscal sanity in congress. these changes reflect a return to budgetary rules that were in place for over a decade before democrats removed them. we will restore the cut-go rule which requires us to offset any increase in mandatory spending with a corresponding cut in mandatory spending. no more will the house be able to use budget gimmicks and tricks to pretend increases in mandatory spending are paid for when they actually are not. we will restore a requirement for three fifths majority to improve any tax rate increase. if this rule had been in place the house would not have passed the massive tax increases the democrats included in last year's reconciliation bill. we will he imnate the so-called gephardt rule which allow the house to automatly suspend the debt ceiling upon passage

those are the words of former clinton treasury secretary larry somers. the american people elected republicans to get our fiscal house in order and get our fiscal house in order we will. that starts with making key changes to house rules to ensure we still -- we instill some fiscal sanity in congress. these changes reflect a return to budgetary rules that were in place for over a decade before democrats removed them. we will restore the cut-go rule which requires us to offset any increase in mandatory spending with a corresponding cut in mandatory spending. no more will the house be able to use budget gimmicks and tricks to pretend increases in mandatory spending are paid for when they actually are not. we will restore a requirement for three fifths majority to improve any tax rate increase. if this rule had been in place the house would not have passed the massive tax increases the democrats included in last year's reconciliation bill. we will he imnate the so-called gephardt rule which allow the house to automatly suspend the debt ceiling upon passage