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#341 Danielle DiMartino Booth: Americans' Financial Wellbeing Just Hit a Record Low — And the Fed Is Discussing a Hike?
In this episode, Danielle DiMartino Booth, CEO of QI Research and former Fed insider, calls the Federal Reserve "borderline cruel" after FOMC minutes revealed several participants wanted rate hikes despite Americans' financial wellbeing hitting record lows. Danielle argues we're already in a labor market recession that "won't be acknowledged for years but is undeniable to the people who are in it," pointing to unprecedented data: 12 consecutive months of negative payroll revisions, 419,000 net job losses when excluding education and health services, seasonal adjustment anomalies adding…
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