In an exclusive interview with our Jessica Stone, Danielle DiMartino Booth shares why President-elect Joe Biden's nomination of Janet Yellen as Treasury Secretary will widen the wealth gap and income inequality... and leave lower-income Americans worse off over the long-term.
If confirmed, Yellen would become the first woman to lead the Treasury Department in its nearly 232 years. She would inherit an economy with still-high unemployment, escalating threats to small businesses and signs that consumers are retrenching as the worsening pandemic restricts or discourages spending.
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.