An inter view with former Dallas Fed researcher Danielle DiMar tino Booth
Danielle DiMartino Booth worked for nine eventful years at the Federal Reserve Bank of Dallas from 2006 to 2015 under Chairman and ceo Richard Fisher. Even prior to her Fed stint, as a columnist for the Dallas Morning News, Booth had written that “a huge amount of work will be required in the coming years to address the fallout of the largest financial bubble in history...far beyond the realm of residential real estate.”
She writes about her experiences in the new book Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio/Penguin). Senior Editor Brian Doherty interviewed Booth by phone shortly after the Fed announced in March its third interest rate target hike since 2006.
Q: Is the Fed on track to interest rate sanity now?
A: It’s too little, too late. [Federal Reserve Chair] Janet Yellen continues to be drawn to her academic roots as a labor economist, and wants to keep rates lower for longer [because she hopes it will] bring marginal workers off the sidelines. But the price is what we are giving up in tomorrow’s financial instability.
Q: Do you think Fed policy might have influenced the past few years’ stock market run-up?
هذه القصة مأخوذة من طبعة July 2017 من Reason magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 2017 من Reason magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Gimme Shelter - The U.S. confronts a growing homelessness problem. Does Miami have the answer?
The U.S. confronts a growing homelessness problem. Does Miami have the answer?
AI Is Coming for Hollywood's Jobs
But so is everyone else.
AI Can Do Paperwork Doctors Hate
With help from AI, doctors can focus on patients.
Antitrust May Smother the Power of AI
Left alone, AI could actually help small firms compete with tech giants.
A Brief, Biased History of the Culture Wars
THE FIRST PAR AGR APH of the book jacket lays it out: “There is a common belief that we live in unprecedented times, that people are too sensitive today, that nobody objected to the actions of actors, comedians, and filmmakers in the past.
FAMILIES NEED A VIBE SHIFT
THE AUTHORS OF FOUR NEW BOOKSWITH 24 KIDS BETWEEN THEM-SAY THE AMERICAN FAMILY NEEDS A COURSE CORRECTION.
"The Past Is There To Teach Us What Can Happen'
Hardcore History's Dan Carlin on hero worship and moral assumptions in the study of the past
Cutting Off Israel
ENDING U.S. AID WOULD GIVE WASHINGTON LESS LEVERAGE IN THE MIDDLE EAST. THAT’S WHY IT’S WORTH DOING.
WHAT CAUSED THE D.C.CRIME WAVE?
GOVERNMENT MISMANAGEMENT, NOT SENTENCING REFORM OR SPARSE SOCIAL SPENDING, DESERVES THE BLAME.
States Turn Their Backs on Criminal Justice Reform
IT WAS IMPOSSIBLE to avoid the “strange bedfellows” cliché when reading about the criminal justice reform movement in the 2010s.
