Danielle DiMartino Booth: The Fed Won't Save The Banks (Here's Why)
Blockworks Macro, Released on 5/4/23
Danielle DiMartino Booth, CEO and chief strategist at QI Research, returns to Forward Guidance to share her thoughts on May 3rd's Federal Reserve's meeting of the Federal Open Market Committee (FOMC) as well as the ongoing issues at several regional U.S. banks.
00:00 Intro11:02 When Will The Fed Pivot (Cut Rates)?15:40 Powell Wants To Get Rid Of The Fed Put25:20 Calling Inflation "Transitory" Was "A Path To Hell"29:11 "Powell Will Stand His Ground"34:30 Permissionless35:34 The Balance Sheet40:17 Powell Won't Save The Banks47:41 Blockworks Research48:41 The Debt Ceiling54:08 "This Is Going To Be A Really Ugly Recession"58:03 Door To A June Hike Is Ajar59:11 The Bernanke Doctrine01:01:26 Danielle's Views On Private Credit Are Evolving
Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Lufkin & Jenrette and Credit Suisse, where she worked fixed income and the public and private equity markets. Danielle earned her BBA as a College of Business Scholar at the University of Texas at San Antonio. She holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University.
Danielle DiMartino Booth: The Fed Won't Save The Banks (Here's Why) added by Herman James on 05/03/2023View all posts by Herman James ?+'