HYDD - ICYMI - $4 Trillion Lost = Fed Goes Dovish
Outspoken former Fed advisor Danielle DiMartino Booth joined Hedgeye CEO Keith McCullough in a no-punches-pulled conversation about the Federal Reserve during our recent Hedgeye Investing Summit.
As she explains in the brief excerpt from the interview below, Fed Chair Jerome Powell quickly went dovish after “stocks in America lost $4 trillion of market capitalization” and “credit markets froze solid.”
McCullough and DiMartino Booth discuss why Powell’s private equity background suggests he’s closely monitoring the credit markets for more signs of blow-up risk.
Watch the entire 53-minute discussion below.
Keith McCullough: We’re talking to