present posen has described the school shooting in the russian city of concern as a barbaric crime addingthe control over arms sales needs to be more strict 7 students and 2 teachers were killed and more than 20 others were injured most of them children were on wednesday. pleaded guilty to the attack during a pretrial hearing people in the court did say the suspect showed no signs of emotion during the proceedings artie's done hawkins has been speaking to some of those who were caught up in the tragic events. shock pain grief on the faces of all those who came to pay their condolences the images of children jumping from windows of floors covered in blood shocked the world here in the accounts 1st hand was worse. or we came to school as usual heavy thing was fine when the class began the teacher called me to the blackboard and just a few minutes later we heard several explosions but no one was concerned and the class continued only some time later we had the school director telling us to meet it to close everything and leave the room. but everyone was deeply shocked we owe our lives to our

i reflect on what adam posen said, it will be a 100 basis points, but not a paul volcker era. if the debate becomes more live, why december 2023, futures not spike higher? this is what we were told a few weeks ago. do you think it will be 100 basis points when it comes? martin: i think the rates market repricing. a very clearly you need word that janet yellen is not treading into policy, it really is the fed and they have independence with policy. the fed policy is new because they will accept inflation levels way above 2%. coming wise, that is what we will see in april-june. inflation levels may spike as much is 3%, but most people are trying to push that it is transitory. inflation lester was 0%. -- it will go back toward low 2% levels later this year and the fed will remain positive on easing. even on fiscal policy, janet yellen was more balanced than trillions and trillions of deficit spending. it is more nuanced, and that is why i would recommend people look at the entirety of the 20 minutes rather than a few seconds. manus: you are right. i chose four words and i know th

richard clarida to his extremely smart, as is adam posen, another name knowing their fed history.und like a broken record, but the answer is they are going to wait. the question is which inflation index. i would watch the atlanta sticky cpi series, and for years i have enjoyed the cleveland fed index, which is an adjusted core index. jonathan: i know you like the cleveland fed index, too. another comment from williams was the international aspect of this. haven't heard that very often from federal reserve officials over the last several months. we are seeing a slower rollout of immunizations, emerging strains of the virus, and subdued rebounds and other parts of the world. this international context is why a will take time to achieve. lisa: and it is -- a complete u.s. recovery will take time to achieve. lisa: i do want to say on the front of inflation picking up, manufacturing data coming out. what if production picks up, then it all comes online, demand declines? you could get back to slow inflation. jonathan: futures rolling over, back to 23 on -- back 23 on the s&p 500. yields

. >> reporter: traveling with collin, the musician mike posener, he's been at base camp for 18 monthse bit every day ♪ >> reporter: but the rest of the country in a state of emergency, cases hitting their highest since the start of the pandemic, kathmandu on lockdown. in neighboring india, a new a'se record death toll, more than 3,700 today. india's second wave relentless, but on everest climbers still holding out hope now, collin says their team's plan is to keep with their original plan, so they are staying socially distant they are masking up, and they're excited hopefully to make a push for the summit hoda. >> and molly, considering the rise in cases, i mean, i imagine they're taking a lot of precautions there at base camp what are they doing? >> reporter: hoda, there's no actual uniform policy or process in place, so to get into nepal you have to show proof of a negative pcr test or proof of vaccination. once you get up to 17,000 feet, there is no strict mask policy there's no universal testing and climbers are calling for everyone at base camp -- and that is hundreds and hundred