From Corrupt to Broken: An Insider’s Analysis of the Fed, Feat. Danielle Dimartino Booth

An advisor to the Fed through the Great Financial Crisis to 2015 examines the latest in the largest monetary policy experiment in human history.

AccessTimeIconApr 30, 2020 at 7:00 p.m. UTC
Updated Aug 19, 2021 at 1:57 a.m. UTC

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An adviser to the U.S. Federal Reserve through the Great Financial Crisis to 2015 examines the latest in the largest monetary policy experiment in human history.

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  • Danielle DiMartino Booth is the CEO and chief strategist of Quill Intelligence. Before that, after correctly predicting the mortgage meltdown, she spent nine years as an adviser to Federal Reserve Bank of Dallas President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. That experience led her to write “Fed Up: An Insider's Take on Why the Federal Reserve Is Bad for America.”

    In this episode, Danielle and NLW discuss:

    • How the Fed went from simply corrupt to corrupt and broken
    • Why we’ve been living through the largest experiment in monetary policy history
    • Why interest rates are the lowest they’ve been in 5,000 years
    • Why COVID-19 was the pin, not the balloon 
    • Why current Fed action compromises the Fed’s independence 
    • Why the market structure incentivizes consumption and risk investment over savings
    • Why risk investments have ceased to be risky because of Fed backstopping 
    • Why a key concern is a second wave of COVID-19 layoffs in industries beyond those already impacted

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