i'm joined by loretta mester. member of the federal open market committee this year. this is her first broadcast interview. i keep are taking the time to join us this morning on a very busy morning for the markets. yearaid often in the last in your public speeches that the u.s. economy remains resilient. that seems to be your word of choice despite disruptions in august and december. we see a disruption again this morning and financial markets. some numbers as bad as they have been since the 30's with the start of the year. do you see that resilience playing out again now in january? underlying fundamentals of the u.s. economy remains very sound. there's want to be volatility in the markets. the news out of china -- they were laced -- release manufacturing data that was weaker that was a downturn and the chinese stock market and that spilled over to u.s. stock markets. i'm not concerned about that in terms of the u.s. economy. as we have seen over the last six years, the u.s. economy has been growing 2%-two .25%.

our top interviews begins with loretta mester who sat down with brendan greeley.is morning in financial markets, some numbers as bad as they have been since the 1930's with the start to the year in trading. do you see that brazilians playing out again now in january? fundamentals in u.s. economy remains sound, there will be volatility in the market, the nature of financial markets. the news out of china, they released manufacturing data that was weaker that started a downturn which spilled over to the u.s. stock market. i am not that concerned about that in terms of the u.s. economy because as we have seen over the last six years, the u.s. economy has been growing 2% to two .25%, there have been ups and downs but i think the u.s. economy has come back quite significantly from the great recession and the expansion is on solid ground here. >> what is an example of greed on wall street today? a specific thing. sanders: when you have wall street whose greed and recklessness created the worst economic downturn in the modern history of the united states where millions o

an exclusive interview with loretta mester, and then another interview. market close is seconds away. ♪ betty: welcome back to "bloomberg markets." i am betty liu. it is 11:30 in new york and 4:30 in london where the markets are wrapping up the trading day. the worst start to the year for european market. mark barton in london wrapping up the trade. it looks like we are settling pretty much at the lows. mark: the worst year ever prior to today, with 2002, and the stoxx 600 fell by 1.7%. today, it looks like we are going to close around 2.7% lower. 6.8%third of last year's rally has been wiped away in just one trading day. every single industry group on , $264oxx 600 still today billion of value disappearing today. some of the big declining industries, they secretary down by 30.6%. last year, this industry group sunk by -- because of the weakening china economy. it prompted of course the , csiing of trading declining 7%. no one would have predicted this. betty: i know we had that economic numbers out of china. we had our own manufacturing data this morning