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A woman who spent nine years as an advisor to Richard Fisher at the Federal Reserve Bank of Dallas says the Fed isn’t protecting the US dollar, has become too political and needs to change. In an exclusive RiskHedge interview, Danielle DiMartino Booth, author of Fed Up: An Insider’s Take on Why the Federal Reserve Is Bad for America, describes an institution she believes is almost out of control. “It’s not a political body, but it has become highly political and dangerous,” declares DiMartino Booth. “I call it the fourth branch of the US government, but with no checks and balances.”
A woman who spent nine years as an advisor to Richard Fisher at the Federal Reserve Bank of Dallas says the Fed isn’t protecting the US dollar, has become too political and needs to change. In an exclusive RiskHedge interview, Danielle DiMartino Booth, author of Fed Up: An Insider’s Take on Why the Federal Reserve Is Bad for America, describes an institution she believes is almost out of control. “It’s not a political body, but it has become highly political and dangerous,” declares DiMartino Booth. “I call it the fourth branch of the US government, but with no checks and balances.”