"Danielle DiMartino Booth stated, 'The idea that the Fed is going to hike rates in this environment is ludicrous. This is going to go down as one of the biggest policy errors in the history of the Federal Reserve.'"
"'U.S. GDP grew at just 0.5% in the fourth quarter of 2025, and personal consumption has slowed to 0.6% through early 2026, indicating significant economic strain,' Booth noted."
"'The National Bureau of Economic Research is tracking personal income after government transfers, which is already showing a recessionary reading,' Booth highlighted, emphasizing the economic downturn."
Danielle DiMartino Booth warns that the Federal Reserve may be making a significant policy error by keeping interest rates unchanged while U.S. GDP growth slows to 0.5%. Consumer spending has also decelerated to a 0.6% rate, with 14 months of negative payroll revisions indicating labor market damage. The upcoming jobs report and Kevin Warsh's confirmation will influence the Fed's decisions. Booth criticizes the notion of a near-term rate hike as politically motivated, emphasizing the economic challenges posed by rising inflation and stagnant growth.
Read at news.bitcoin.com
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