“Is the US Fed on a New Course and Now Off Course?”, Danielle DiMartino Booth, QI Research

David Osman of IRF is joined by Danielle DiMartino Booth, the Founder, CEO & Chief Strategist of QI Research. ----more---- In this podcast Danielle DiMartino explains how her detailed analysis of the underlying trends in the US economy indicates that the US economic output is slowing rapidly. Danielle’s non-consensus view suggests that in the year ahead both economic growth and inflation are likely to be weaker than the central bank’s own forecasts. This raises questions about the changing conduct of monetary policy under the leadership of the new chairman of the Federal Reserve, Kevin Warsh. Danielle argues that the Fed’s current forward guidance seems to be misleading, which has implications for the federal funds target rate and the shape of the Treasury bond yield curve. Danielle discusses the implications of likely Democrat victories in the midterm elections in November for the House and for the Senate, with particular reference to the probable impact on fiscal policy. Danielle then discusses the outlook for the stock market, the AI investment boom and the US dollar, highlighting the some of the more attractive investment opportunities and key risk factors. Prior to QI Research, which she founded in 2015, Danielle spent nine years at the Federal Reserve Bank of Dallas where she served as an analyst and senior advisor to the President, Richard Fisher. Before serving in the public sector, Danielle lived in New York, and worked at the DLJ investment bank and at Credit Suisse. Danielle is a frequent keynote speaker at conferences and seminars, a regular commentator in the financial media, and the author in 2017 of the book: *“Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America”.* QI Research is an independent research and analytics firm that serves institutional clients, family offices and commercial real estate professionals. QI Research has become a trusted voice in macroeconomic analysis that is known for its bold, independent approach.