for more on what it all means, let's welcome in richard fisher. he's the former dallas fed president and a cnbc contributor. welcome back. it's nice to see you as always. >> thank you scott. >> when you saw the print today, what was your first reaction in terms of how you think it will be absorbed within the fed? >> well not surprised. we expected. >> a little bit of. >> pressure to. >> begin to show its face. >> and i think if. >> i watched as i did. >> powell. >> his senate testimony, his house. >> testimony today. they should. >> be sitting still. >> for some time. >> and you notice the. >> markets have now started to discount a little bit further out as to when they might make a single cut. this year. >> we'll see. >> but i think they're in a good position. scott, you and i have talked about this so many times. it is interesting how rates backed up, including the ten year and the 30 year. the ten year over 460 now. but i do believe that's also shaped this number sort of shakes the confidence that inflation is going to be brought down quickly b

thank you. >> let's bring in former. >> dallas fed president richard fisher.is a cnbc contributor. and we should note he was also a deputy u.s. trade representative from 1997 to 2001. richard, you've got it covered here on on multiple fronts. you know, you heard that the way steve characterized the consensus out there among economists of what might be the impacts less growth, more inflation at the margin. does that fit with the way you're thinking about this? and how would a central banker respond? >> well, first. >> think of how a woman or a man that runs. >> a business reacts. they're getting a tax. >> raising the price of their. >> inputs. >> and they have to protect their margins. >> so. >> mike. it's common. sense that. they're trying to pass on. >> those new pressures to. their customers. and the question is. >> do they. >> do it all at once? do they do it in a gradual way? >> how much do they do? how much can they get away with? >> so common sense, which the president. likes to. >> quote, tells you that it would be inflationary. >> but keep. >> it in pe

we will discuss with our experts in just a bit, including the former dallas fed president richard fishert the scorecard here with 60 to go in regulation. we're mostly rebounding from that early morning cpi sell off. in fact the nasdaq is now positive and the others are well off the lows too. it's tech that is helping as you see. meta wow on track for its 18th straight day of