Danielle DiMartino Booth – Why the Fed is Bad for America
Manage episode 416991291 series 3471117
This week on The Nick Halaris Show we are featuring Danielle DiMartino Booth, the CEO and Chief Strategist at QI Research. She is an economist, thought leader, and former Federal Reserve insider, the author of Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America and The Daily Feather newsletter, and one of the most widely followed, most respected voices in global economics and finance.
I wanted to have Danielle on the show to get her take on what’s happening in the economy and explore her provocative ideas on why the Fed may be bad for America. As I’ve been interviewing investors and economists on the show, I keep hearing over and over how it’s the Fed that is responsible for many of our big problems, whether it’s the debt itself, our wealth inequality problem, or inflation. I’ve been following Danielle, who is a former Fed insider, for years so I knew she would have a lot to say about all this and she did not disappoint. Tune in to this eye-opening episode to learn:
- Why there is a growing disconnect between the stock market and the real economy
- Why the Fed may be in the midst of yet another policy mistake
- The role that (perhaps, deliberately) inaccurate economic data plays in distorting incentives and impairing the health functioning of our capitalist system
- How the Fed’s desire to pass regulatory reforms aimed at the shadow banking sector may be influencing its current higher-for-longer policy stance
- How the Fed has become more and more politicized and why we should care about that
- & Much, much more
Stay tuned to the end to hear why Danielle believes that the key first step to right the ship is for ordinary Americans to focus seriously on personal financial literacy and responsibility (i.e. living within our means instead of relying more and more on debt to fuel consumption). Danielle also discusses why Chair Powell deserves our respect for his steadfast commitment to Fed independence and why we should be cheering him on to stay the course.
As always, I hope you all enjoy this episode. Thanks for tuning in!
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