Danielle discusses her book and why it's important that people understand the way central bank policies affect their lives. Her book reveals how the Fed has lost its way due to creating monetary policy based on market patterns and politics instead of economic metrics. The Fed is increasingly becoming backed into a corner ever since the money printing of 2008 with the introduction of "Zero Interest Rate Policies" and "Quantitative Easing." Now the Fed has again become dovish over seemingly small corrections occurring in the markets.
Time Stamp References:0:45 - Federal Reserve Policies2:00 - Fed is backed into a corner.4:00 - Reflation trade reversal.5:30 - Unemployment and recessions.7:15 - Housing Bubble of 2008.8:30 - Follow the liquidity.9:15 - Pensions are going to be hit.
Danielle DiMartino Booth 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.