The Federal Reserve made no explicit mention of tapering anytime soon at this week's FOMC meeting, but monetary tightening could begin in stages as early as 2022, said Danielle DiMartino Booth, CEO of Quill Intelligence. Booth told David Lin, anchor of Kitco News, that interest rates would not have to rise to their historic average of 5.7% for debt payments to become unaffordable for the Treasury.
0:00 - FOMC meeting5:09 - Current economic condition8:22 - Double-dip recession?11:30 - Tapering timeline14:37 - How high can interest rates get?
Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Lufkin & Jenrette and Credit Suisse, where she worked fixed income and the public and private equity markets. Danielle earned her BBA as a College of Business Scholar at the University of Texas at San Antonio. She holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University.