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of "the 11th hour," stephanie rule, tom costello with us, white house correspondent carol lee and host of public radio's "full disclosure." the news is in, stephanie, three quarters of a point. >> we thought originally it was going to be 50 basis point but jay powell is in a situation. we are in a serious inflationary environment. normally the fed likes inflation to be around 2% and it's currently approaching 9. so 75 basis points is a big move but it's still tricky because what they don't want to do is move so much so quickly that they push us into recession. but if they don't do so...

Surgical task. as tom said, there's a sledge hammer that the fed is using and they're hoping that has the right aim. this is a five-box rub. if you think this is a big panel we got going here, i have been in a 35 box before, my friend. >> you're ready to go full cnbc. >> we don't need all those voices. we have enough right here. >> thanks, everyone, for joining us. >> coming up, why the january 6th committee released this footage of a capitol tour and what they want to know from the republican congressman who led it. and what will republican senator john cornyn says may need to get pared down ...