4min chapter

Coin Stories with Natalie Brunell cover image

Danielle DiMartino Booth: Economic Downturn Worse Than '08 Global Financial Crisis? Bank Failures, Consolidations and Fed Pivot

Coin Stories with Natalie Brunell

CHAPTER

The Future of the Fed Funds Rate

Danielle, do you see a future where the U.S. does not have reserve currency status? Daniel: I don't see how we have an alternative way out of it because we've used the zero interest rate policy for so long that we've accrued all this debt. There is a reason that J. Powell got interest rates as high as they are; maybe he knows that we can have a higher floor. Maybe we can stop at 2%. Because 2% is pretty low. Not even 2% will do the trick. You know what? There's a lot of kids coming up behind you who want to who want to innovate and start new companies and take your place. So get

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