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MNI PODCAST: FedSpeak-Hiking Into Recession -DiMartino Booth

(MNI) WASHINGTON

EXECUTIVE SUMMARY

  • Markets hoping for a dovish Fed hike this week will likely be disappointed, says former Dallas Fed adviser Danielle DiMartino Booth. Powell "goes into his war bunker and says OK now we’ve got September priced out, how do we get September priced back in?”
  • The U.S. economy is already in a "quiet recession" but the Fed will keep lifting rates for now.
  • “The credit crisis is happening, it’s just happening very slowly,” she said, arguing that fiscal policy and consumer borrowing are masking the weakness.
Listen to the full podcast here.
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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