Blockworks Macro, Released on 2/5/25

In this episode, Danielle DiMartino Booth joins the show to discuss recent tariff headlines, the state of the US labor market, and the Federal Reserve’s evolving stance on inflation. We also delve into the complexities of implementing tariffs and the economic policies of the Trump administration, the influence of government stimulus on job creation, and much more.

00:00 Introduction
00:59 Impact of Tariffs on the Economy
07:21 US Labor Market Concerns
09:23 Gig Economy and Unemployment
12:59 State and Federal Job Market Dynamics
16:23 Ads (Skale, Ledger)
17:07 Interview Continues
22:45 Inflation and the Fed’s Mandate
27:50 Ads (Skale, Ledger)
29:04 Interview Continues
32:23 Manufacturing Sector and Economic Outlook
35:28 Business Investment and Recession Indicators
39:40 Federal Reserve’s Internal Fragmentation
48:33 Learn More About Danielle’s Work

Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Lufkin & Jenrette and Credit Suisse, where she worked fixed income and the public and private equity markets. Danielle earned her BBA as a College of Business Scholar at the University of Texas at San Antonio. She holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University.

  economy, job market, tariffs, Trump