# #358 Danielle DiMartino Booth: The Fed Knows the Data Is Broken, Private Credit Is Contagious, and Nobody Is Fighting for American Families

Page: https://stenobird.com/podcast/the-julia-la-roche-show-5842803/358-danielle-dimartino-booth-the-fed-knows-the-data-is-broken-private-credit-is-contagious-and-nobody-is-fighting-for-american-families
Text version: https://stenobird.com/podcast/the-julia-la-roche-show-5842803/358-danielle-dimartino-booth-the-fed-knows-the-data-is-broken-private-credit-is-contagious-and-nobody-is-fighting-for-american-families.md
Podcast: [The Julia La Roche Show](https://stenobird.com/podcast/the-julia-la-roche-show-5842803)
Published: 2026-04-09T10:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/julia-la-roche/episodes/358-Danielle-DiMartino-Booth-The-Fed-Knows-the-Data-Is-Broken--Private-Credit-Is-Contagious--and-Nobody-Is-Fighting-for-American-Families-e3hknkl
Audio file: https://traffic.megaphone.fm/APO2828231355.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/the-julia-la-roche-show-5842803/episodes/358-danielle-dimartino-booth-the-fed-knows-the-data-is-broken-private-credit-is-contagious-and-nobody-is-fighting-for-american-families
Duration seconds: 1982

## Resource

Danielle DiMartino Booth, CEO of QI Research and former Fed insider, joins Julia to sound the alarm on a U.S. economy she believes is being misread, misreported, and mismanaged. From growing divisions inside the FOMC to deeply troubling labor market signals — including an ISM non-manufacturing employment reading of 45.2 last seen during the Great Recession — Danielle lays out why she believes the Fed is falling dangerously behind. She breaks down the private credit contagion risk, why only 25% of unemployed Americans are collecting benefits, and how student loan repayments, rising gas prices, and tightening lending standards are quietly crushing working families. With a midterm election on the horizon and consumer sentiment crumbling across all income levels, Danielle argues the stakes have never been higher — and that someone needs to start speaking up for everyday Americans. Links: Danielle's Twitter/X: https://twitter.com/dimartinobooth Substack: https://dimartinobooth.substack.com/ YouTube: https://www.youtube.com/@DanielleDiMartinoBoothQI Fed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655 Timestamps: 0:00 Welcome back Danielle DiMartino Booth 01:00 FOMC minutes: Even more division inside the Fed 4:47 – What happens if no Fed chair gets confirmed? 7:19 – Is the Fed ignoring everyday Americans? 8:51 – ISM data parallels to 2001, 2007, and the Great Recession 10:53 – Job insecurity hitting ALL income levels 15:26 – Stagflation or just stagnation? Danielle breaks it down 16:38 – Are we headed for a policy error? Private credit warning 18:18 – The 10-year Treasury, Iran, and the liquidity threat 20:48 – Private credit contagion: What's not getting enough attention 23:16 – Buy Now, Pay Later and gig workers getting crushed 25:42 – Only 25% of u…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-julia-la-roche-show-5842803/episodes/358-danielle-dimartino-booth-the-fed-knows-the-data-is-broken-private-credit-is-contagious-and-nobody-is-fighting-for-american-families/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/the-julia-la-roche-show-5842803/358-danielle-dimartino-booth-the-fed-knows-the-data-is-broken-private-credit-is-contagious-and-nobody-is-fighting-for-american-families.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.