Wall St For Main St

Danielle DiMartino Booth: Politicized Yellen Fed Will Raise Rates Multiple Times & Crash Assets Now

from Wall St For Main St | Published 3/11/2017

Jason Burack of Wall St for Main St interviewed returning guest, former Dallas Federal Reserve Bank insider, Wall St veteran, author and President of Money Strong, Danielle DiMartino Booth http://dimartinobooth.com/

Danielle's new book, Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America is available on Amazon https://www.amazon.com/Fed-Up-Insider... or on audio book on Audible http://www.audible.com/pd/Nonfiction/...

During this shortened interview due to time constraints, Jason asks Danielle about political bias at the Federal Reserve, as well as PhD Keynesian Economists clinging to broken models and being guilty of group think, hubris and confirmation bias.

Since Donald Trump won the 2016 election, Danielle thinks Janet Yellen and other members of the Federal Reserve have changed their minds about interest rate increases, further interventions and allowing asset prices like the stock market to fall. Danielle thinks a lot of this is politically motivated to limit President Trump to one term and also to get Democrats to win back Congressional seats from Republicans in upcoming elections in 2018.

Jason and Danielle also discuss auditing the Fed and how finding unbiased people to work in the Fed will be very difficult.

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Wall St for Main St provides alternative financial information, research, education and consulting to Main Street investors using uncommon wisdom. Our goal is teaching people how to fish for themselves instead of trusting their financial adviser. We interview top investors, traders, money managers, financial commentators, economic experts, authors, CEOs and newsletter writers from around the world to discuss the latest events in the global economy and financial markets.