Video News/In Focus with Jeremy Szafron

The Federal Reserve held rates steady at 4.25%–4.50%, but Chair Jerome Powell admitted he doesn't know which threat will hit harder — rising inflation or surging unemployment. Danielle DiMartino Booth, CEO of QI Research and former Fed advisor, joins Jeremy Szafron to break down why she believes the Fed is missing clear signs of recession and a credit crunch already hitting Main Street. In this high-impact post-FOMC interview, DiMartino Booth warns that bankruptcies are accelerating, job losses are looming, and the Fed is too reliant on lagging data. She also responds to speculation about the Fed buying Treasuries and unpacks how China’s massive stimulus package may complicate U.S. monetary policy.