Many argue that Fed policy is the main reason financial assets rose to record highs over the past decade.
Many also argue that the horrible performance of both stocks AND bonds this year are due to a switch in Fed policy.
Which, mind you, was made to combat raging inflation, which can also be argued the Fed is responsible for creating.
So with the Fed now hiking rates and kicking off Quantitative Tightening, right after GDP shrank in Q1, will it pop the bubbles in the financial, housing and jobs markets, plunging us into recession?
To find out, we asked former Fed advisor Danielle DiMartino Booth.
Danielle worked with Richard Fisher at the Federal Reserve Bank of Dallas during the GFC — she knows the Fed, as well as the people running it, very well.
And she predicts that Fed Chair Jerome Powell is much more committed to doing “whatever it takes” to bring inflation under control, even if that means sacrificing the markets or, yes, even starting a recession
To understand why & what that will mean for investors, watch this new video interview with Danielle DiMartino Booth.