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?
Diese Geschichte stammt aus der July 2017-Ausgabe von Reason magazine.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 2017-Ausgabe von Reason magazine.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
THE REAL THREAT IS AN ISOLATED CHINA
DECOUPLING FROM TRADE WILL MAKE THE U.S. POORER AND CHINA MORE TOTALITARIAN.
Against Our Own Best Souls'
SISTER HELEN PREJEAN ON HERLIFE ASA WITNESS ON DEATH ROW
'THE POLITICS HAVE COME TO US'
HOW A CHRISTIAN CHARITY IN EL PASO ENDED UP AT WAR WITH THE TEXAS GOVERNMENT FOR HELPING UNDOCUMENTED IMMIGRANTS
MATERIEL LOSS
HOW THE U.S. MILITARY BUSTS ITS BUDGET ON WASTEFUL, CARELESS, AND UNNECESSARY 'SELF-LICKING ICE CREAM CONES'
'NOT A SUICIDE PACT'
HOW A 1949 SUPREME COURT DISSENT GAVE BIRTH TO A MEME THAT SUBVERTS FREE SPEECH AND CIVIL LIBERTIES
HOW MUSK CAN HELP TRUMP CUT TRILLIONS
DURING PRESIDENT DONALD Trump’s first term in office, the national debt increased by $8 trillion—due, in large part, to huge spending hikes that Congress passed and Trump signed.
THE IMPROBABLE RISE OF MAGA-MUSK
IS ELON MUSK A REACTIONARY WITHA DEFECTIVE BULLSHIT METER OR THE BEST PART OF THE SECOND TRUMP ADMINISTRATION?
A Free-Range Family
RIGHT NOW, CHILDHOOD is intensely meh. Maybe you read the recent report in The Journal of Pediatrics that said that as kids' independence and free play have gone down, their anxiety and depression have been going up.
Educulture Wars
THE CULTURE WAR is costing school districts billions, according to a report released in October 2024 by the UCLA Institute for Democracy, Education, and Access. The report surveyed superintendents at 467 school districts nationwide about extra expenditures they undertook because of increased conflict over culture war issues such as critical race theory, book chal- lenges, gender-related debates, and other politicized topics. The report estimates that such fights cost school districts around $3.2 billion during the 2023-2024 school year.
Q&A Penny Lane
PENNY LANE'S NEW Netflix documentary, Confessions of a Good Samaritan, delves into her life-changing decision to donate a kidney to a stranger. Known for her thoughtful and provocative storytelling, Lane has explored human connection and empathy in films such as Hail Satan? and The Pain of Others. Last October she spoke with Reason's Nick Gillespie and shared her emotional, physical, and philosophical experience with anonymous kidney donation and the challenges that came with it.
