charles reinhard, deputy chief investment officer at morgan stanley smith barney. hi, charlie, how are you doing? >> great, susie. >> susie: let's begin with all this stuff ta we heard from the fed today. what stood out the most for you? >> well, the fed is clearly willing to stand by the economy. they show that they're committed, and they're not satisfied with the unemployment rate, and how slow the economy has been growing. and they have a very accommodateive stance already, and also what stad out to me today was that i think they've become realistic by lowering their growth estimates for next year. we think it's going to be a challenge to reach the new lower growth estimates that they put forth today. >> susie: that's exactly the point. fed chairman bernanke also said today that monetary policy is less effective now than it has been in the past. so they are limited by how much they can do. looking at that forecast, unemployment is still in relatively higher over the next few years. so what can the fed do to create more jobs or to create an economic environment t