. >> eliot: let's bring in ben white, author of money morning column and deputy editor joe wiesenthal. thank you for coming in. let me begin how bad is it? for the fed to react way one almost gets a sense of panic. they say they're opening the floodgates to the maximum point. >> i don't think it's quite like that. in the middle of the crisis, absolutely. in qe 2 almost as bad. this is different in its tenor. the economy is not quite as horrible. but what the fed is say even this slow growth is not fast enough to get unemployment to a level that we're happy with at the pace we're going. in the past where the qe programs came when the markets were down. now the markets are highs. >> eliot: you're right, there is a schizophrenia in the economy. the stock market profit, those who are doing well are doing spectacularly well. and the rest, not so well. this is the slow boil the corrosive employment, wage growth that is stagnant or negative, and the fed saying no one is doing anything, we'll do something. >> they said we'll continue to act and stimulate the economy until we see the unemploym