Danielle DiMartino Booth & Jim Bianco: Does the Fed Have the Tools to End Inflation?
Real Vision, Released on 5/16/22 (Recorded on 5/11/22)
*This video was recorded on May 11, 2022
The Federal Reserve failed to control demand-side price drivers when it had a reasonable opportunity, and now its suddenly aggressive stance could plunge the U.S. into recession. Danielle DiMartino Booth, CEO of Quill Intelligence, and Jim Bianco, founder, and president of Bianco Research, talk about how Fed policy errors got us in this hot inflation mess. "It's going to feel a lot more like stagflation than a recession," she tells Bianco. Issues for discussion include the housing market, the U.S. dollar, the credit risk, and the rising fear of a global recession. DiMartino Booth also shares "local knowledge" about the Fed, its history, and the political machinations that drive it - essential background as questions about Fed Chair Jerome Powell's competence and the central bank's credibility abound.
Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim's wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets. Prior to joining Arbor and Bianco Research, Jim was a Market Strategist in equity and fixed income research at UBS Securities and Equity Technical Analyst at First Boston and Shearson Lehman Brothers. He is a Chartered Market Technician (CMT) and a member of the Market Technicians Association (MTA). Jim has a Bachelor of Science degree in Finance from Marquette University (1984) and an MBA from Fordham University (1989).
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 & Jim Bianco: Does the Fed Have the Tools to End Inflation? added by Herman James on 05/15/2022View all posts by Herman James ?+'