joining us now is keycorp ceo beth mooney.erful woman in banking in this country. good morning. >> good morning. >> what does it feel like in the heart of the midwest at the moment. how do you feel about these markets? >> it's interesting. this volatility, i think, we will have plenty of monday morning quartering about what were the drivers this week. i think the core economy is stronger. if you look at sentiment, manufacturing, vehicle sales, there are lots of things that indicate this is a much more stable and stronger economy than market sentiment would indicate. >> you are betting down the acquisition pacific crest with investment banking, within technology. more broadly, how do you grow the business? how do you grow profitability? what are we at 2.3% today? that's tough for your margins, isn't it? >> it is. lower interest rates, while accommodative to economic stability and overall economic growth are certainly pressuring bank earnings, when so much of our income is driven by spread on deposits, this is not an environment

keycorp is another financial that came up with earnings and apache decline. >> thank you very much.> is known as the guru. >> i have heard that before. >> i get commentary sent to us from the guru. >> lisa abramowicz is also here. what on earth is going on? >> we are transitioning to a new world and it's confusing. you guys had me on the show a number of times when stocks go down and the economy is in the pits. whatever the bad news was, i tried to tell you and i try to tell our clients that the fed will keep going until they get thisreflationary recovery in place and guessed what? it's here. >> why are we paying attention to it now? why are we saying oh my goodness look at what's happened? >> we are moving from a part of the policy reaction function at the fed, how they react to the downside which we knew well to this new world where we have to figure out how they react when everything goes right? the answer is we just don't know. that creates confusion. it's as simple as this -- they have rate projections telling you they will raise 75 basis points by the end of next year and so o