Beware of Inflation, Unhealthy Labor Market, and Fed Coin Impact on Bitcoin
This interview features Macro's Finest: Jim Bianco, President of Bianco Research, and Danielle DiMartino Booth, CEO of Quill Intelligence, discuss the most pressing issues the U.S. economy is facing in 2021. Inflation hasn't been problematic since the 1990s, and the Fed thinks it has it under control, but there's a real risk to the economy if prices begin to rise while the output stalls. While the Fed doesn't seem concerned if levels reach 3%, DiMartino Booth says the central bank should be careful with what it wishes for. Bianco and DiMartino Booth also break down their outlook for a rebound in employment, the restructuring of the labor market, and how bitcoin fits into the future of the financial system.