MNI PODCAST: FedSpeak- DiMartino Booth Sees 50BP June Fed Cut

EXECUTIVE SUMMARY

• Ex-Dallas Fed Adviser Danielle DiMartino Booth thinks the U.S. economy was already likely in recession before the tariffs hit.
• She believes the Fed will commit a policy error by not easing Wednesday and will have to come to the rescue with a 50 basis point cut in June.
• DiMartino Booth sees Quarterly Census of Employment and Wages revisions as likely to show payrolls growth has already been negative for some time. “We do not have in the history of any of these surveys perceptions of the job market being as weak as they are without the U.S. being in recession."

Listen to the full episode here.