Bloomberg Businessweek Fed Cuts Rates by Quarter-Point; Powell Cites Weakness in Jobs
Sep 17, 2025
Danielle DiMartino Booth, CEO of QI Research and former Dallas Fed advisor, discusses the recent Fed rate cuts, emphasizing the implications of labor market weakness and inflation dynamics. Ethan Penner, founder of Mosaic Real Estate Investors and a 2026 California gubernatorial candidate, shares his innovative policy platform, proposing a revenue-neutral consumption tax and strategies for improving housing and homelessness solutions. Tune in for insights on economic trends and political innovations!
AI Snips
Chapters
Books
Transcript
Episode notes
Fed Defends Independence Amid Job Weakness
- Danielle DiMartino Booth argues the Fed showed independence by resisting political pressure despite labor-market weakness.
- She says private-sector job creation has stalled and the Fed needs to "catch up" with rate cuts.
Core Private Hiring Shows Earlier Weakness
- Waller's measure nets out education and health and shows private-sector hiring stopped in April.
- That metric implies the Fed should have cut rates earlier, Danielle says.
Reengage Private Sector To Restore Hiring
- Reengage the private sector to revive job creation; monetary policy alone won't solve structural uncertainty.
- Policymakers must reduce uncertainty to restore capital expenditure and hiring, she says.
