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 something aggressive, prices will likely continue to rise and the economy is suffering for it, especially right around gas prices. this is a big move. it s not unexpected. it s the thing that people have been waiting for. most economists across the board have said this should have happened months ago. markets are going to take this as a positive. robin, it is hard to thread this needle, though. the
torrent. this summer was the first summer not as intensive with covid, no fires and getting great rain. this was going to be our season and our creek turned into a river. reporter: the historic flood the result of an atmospheric river, a narrow corridor of moisture that drop relentless rain on washington, montana and wyoming along with fast melting mountain snows turning streams into life threatening rapids. it was frightening because in addition to all of this debris coming, you could hear the rocks in the creek. these are giant boulders. rolling down. it feels like you re on the manhattan bridge listening to the trains go by with you. reporter: a region home to an iconic national treasure now transformed by record floods. the good news here, there s no rain in the forecast over next couple of days. when you look at all that damage