so far it's been a mixed picture with technology giant google beating expectations, as do jp morgan chase, although there was a slowdown in corporate deal making, and that hurt jp morgan stock. it was a strong week for the markets nonetheless, the dow up 300 points on monday, the best day since august. and triple digits on monday after bad news coming out of europe. the federal reserve market committee released the minutes from the meeting in september. they showed policymakers considered even more quantitative easing with a third round of bond purchases, although they did stop short of doing it. the minutes also showed members' favorite steps to increase the feds' transparency. hedge funds founder raj rajada wrrks at was sentenced to ten years for insider trading. a professor at the university of chicago's booth school of business has a singular insight into how the fed works, what it does and what it can do. he joins me right now. welcome to the program. >> good to be here. >> federal reserve chairman ben bernanke recently called the unemployment rate a national crisis. has the fed run