{"id":37034,"date":"2025-06-09T08:22:29","date_gmt":"2025-06-09T15:22:29","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=37034"},"modified":"2025-06-09T08:22:29","modified_gmt":"2025-06-09T15:22:29","slug":"us-layoffs-spike-powell-needs-big-boy-pants-urges-ex-fed-insider","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/us-layoffs-spike-powell-needs-big-boy-pants-urges-ex-fed-insider\/","title":{"rendered":"US Layoffs Spike: Powell Needs \u2018Big Boy Pants\u2019 Urges Ex-Fed Insider"},"content":{"rendered":"<p>\u201cIt\u2019s time for Jerome Powell to put on his big boy pants and say, no, inflation is not the bigger problem,\u201d says Danielle DiMartino Booth, CEO and Chief Strategist for QI Research. In today\u2019s interview with Daniela Cambone, Booth argues that the Fed should prioritize employment, as true inflation is low and declining\u2014especially in housing\u2014while job losses continue and consumer purchasing power weakens. \u201cCompanies are saying in no uncertain terms, they don\u2019t have pricing power because U.S. consumers don\u2019t have purchasing power.&#8221;<\/p>\n<p>On Trump\u2019s tax bill, she aligns with Elon Musk, warning that it will increase the deficit and national debt. \u201cThis gravy train was supposed to end at the end of 2025\u2026 you\u2019re not stimulating the US economy. You\u2019re simply preventing a negative shock to the system,\u201d she concludes.<\/p>\n<p>Register for Rick Rule Symposium 2025 conference this July in Boca Raton, Florida, at https:\/\/registration.allintheloop.net\/register\/event\/rick-rule-symposium-2025-ccha?via=DaniC<\/p>\n<p>Watch the full video to learn how you can better protect your portfolio.<\/p>\n<p>&nbsp;<\/p>\n<p data-start=\"219\" data-end=\"401\"><strong data-start=\"219\" data-end=\"307\">\u201cInflation Isn\u2019t the Problem\u2014Job Loss Is\u201d: Danielle DiMartino Booth Sounds the Alarm<\/strong><br data-start=\"307\" data-end=\"310\" \/><em data-start=\"310\" data-end=\"401\">Featuring Danielle DiMartino Booth on The Daniela Cambone Show \u2013 Presented by ITM Trading<\/em><\/p>\n<hr data-start=\"403\" data-end=\"406\" \/>\n<p data-start=\"408\" data-end=\"555\">At a time when Americans are laser-focused on inflation, one former Federal Reserve insider is calling for a dramatic shift in economic priorities.<\/p>\n<p data-start=\"557\" data-end=\"895\">In her latest appearance on <em data-start=\"585\" data-end=\"611\">The Daniela Cambone Show<\/em>, <strong data-start=\"613\" data-end=\"641\">Danielle DiMartino Booth<\/strong> argues that the real crisis facing Americans today isn\u2019t rising prices\u2014it\u2019s the <strong data-start=\"722\" data-end=\"759\">loss of purchasing power and jobs<\/strong>. With inflation-adjusted wages declining and layoffs mounting, she believes the Fed\u2019s obsession with inflation is dangerously outdated.<\/p>\n<p data-start=\"897\" data-end=\"1263\">At <strong data-start=\"900\" data-end=\"915\">ITM Trading<\/strong>, we help our clients\u2014especially those 50 and over\u2014navigate through this kind of economic uncertainty. In a world where policymakers are missing the forest for the trees, we offer data-driven strategies grounded in <strong data-start=\"1130\" data-end=\"1158\">physical gold and silver<\/strong>\u2014because in times of rising job insecurity and monetary confusion, tangible assets matter more than ever.<\/p>\n<hr data-start=\"1265\" data-end=\"1268\" \/>\n<h3 data-start=\"1270\" data-end=\"1328\">Powell\u2019s Dilemma: Why It\u2019s Time to Focus on Employment<\/h3>\n<p data-start=\"1330\" data-end=\"1541\">Danielle didn\u2019t mince words when asked if Federal Reserve Chair <strong data-start=\"1394\" data-end=\"1411\">Jerome Powell<\/strong> would cave to political pressure to cut interest rates. Her answer: He won\u2019t cave to politics\u2014but he <strong data-start=\"1513\" data-end=\"1523\">should<\/strong> shift priorities.<\/p>\n<blockquote data-start=\"1543\" data-end=\"1665\">\n<p data-start=\"1545\" data-end=\"1665\">\u201cIt\u2019s time for Powell to put on his big boy pants,\u201d she said. \u201cEmployment is the overarching concern now\u2014not inflation.\u201d<\/p>\n<\/blockquote>\n<p data-start=\"1667\" data-end=\"1977\">She pointed to consistent layoffs\u2014over 100,000 per month across the private sector for the past four months\u2014and a clear drop in pricing power for American companies. <strong data-start=\"1833\" data-end=\"1873\">Inflation-adjusted wages are falling<\/strong>, and corporations like Procter &amp; Gamble and Dollar General are seeing high-income consumers trade down.<\/p>\n<blockquote data-start=\"1979\" data-end=\"2101\">\n<p data-start=\"1981\" data-end=\"2101\">\u201cWhen people making $100,000 a year are shopping at Dollar General, you know purchasing power is gone,\u201d Danielle warned.<\/p>\n<\/blockquote>\n<hr data-start=\"2103\" data-end=\"2106\" \/>\n<h3 data-start=\"2108\" data-end=\"2159\">The Truth About Inflation: It\u2019s Already Cooling<\/h3>\n<p data-start=\"2161\" data-end=\"2293\">Danielle pushed back on the mainstream media\u2019s inflation panic, noting that key indicators are now moving in the opposite direction:<\/p>\n<ul data-start=\"2295\" data-end=\"2524\">\n<li data-start=\"2295\" data-end=\"2343\">\n<p data-start=\"2297\" data-end=\"2343\"><strong data-start=\"2297\" data-end=\"2321\">True Inflation (TRU)<\/strong> is at just <strong data-start=\"2333\" data-end=\"2342\">1.88%<\/strong>.<\/p>\n<\/li>\n<li data-start=\"2344\" data-end=\"2426\">\n<p data-start=\"2346\" data-end=\"2426\"><strong data-start=\"2346\" data-end=\"2378\">Home prices and rent metrics<\/strong> are turning negative in major U.S. metro areas.<\/p>\n<\/li>\n<li data-start=\"2427\" data-end=\"2524\">\n<p data-start=\"2429\" data-end=\"2524\"><strong data-start=\"2429\" data-end=\"2452\">Gas prices are down<\/strong>, and grocery bills\u2014at least for price-conscious shoppers\u2014are declining.<\/p>\n<\/li>\n<\/ul>\n<blockquote data-start=\"2526\" data-end=\"2678\">\n<p data-start=\"2528\" data-end=\"2678\">\u201cShelter inflation is the largest input to CPI, and it\u2019s coming down,\u201d she explained. \u201cCompanies can\u2019t raise prices because consumers can\u2019t pay them.\u201d<\/p>\n<\/blockquote>\n<p data-start=\"2680\" data-end=\"2892\">This data contradicts the narrative that inflation remains out of control. Instead, we\u2019re now dealing with <strong data-start=\"2787\" data-end=\"2802\">stagflation<\/strong>: stagnant economic growth combined with rising financial stress for the average American.<\/p>\n<hr data-start=\"2894\" data-end=\"2897\" \/>\n<h3 data-start=\"2899\" data-end=\"2942\">The Bigger Problem: A Broken Debt Cycle<\/h3>\n<p data-start=\"2944\" data-end=\"3183\">Both <strong data-start=\"2949\" data-end=\"2962\">Ray Dalio<\/strong> and <strong data-start=\"2967\" data-end=\"2980\">Elon Musk<\/strong> have recently raised red flags about U.S. debt. Danielle agrees, arguing that reckless fiscal policy\u2014especially efforts to extend Trump-era tax cuts\u2014will push the country deeper into <strong data-start=\"3164\" data-end=\"3183\">\u201cdebt slavery.\u201d<\/strong><\/p>\n<blockquote data-start=\"3185\" data-end=\"3385\">\n<p data-start=\"3187\" data-end=\"3385\">\u201cIt\u2019s not stimulating the economy,\u201d she said. \u201cIt\u2019s just avoiding a negative shock to the system. But without investment in productivity, infrastructure, or job creation, it\u2019s just kicking the can.\u201d<\/p>\n<\/blockquote>\n<p data-start=\"3387\" data-end=\"3659\">This isn\u2019t just theoretical. With the U.S. already paying nearly <strong data-start=\"3452\" data-end=\"3486\">$1 trillion a year in interest<\/strong>, the current fiscal trajectory is unsustainable\u2014and the <strong data-start=\"3543\" data-end=\"3598\">Federal Reserve may be forced into future rate cuts<\/strong>, not because of inflation, but because of collapsing growth.<\/p>\n<hr data-start=\"3661\" data-end=\"3664\" \/>\n<h3 data-start=\"3666\" data-end=\"3735\">A Case for Precious Metals: Safe Havens in a Dysfunctional System<\/h3>\n<p data-start=\"3737\" data-end=\"3915\">Danielle also addressed the recent surge in <strong data-start=\"3781\" data-end=\"3807\">gold and silver prices<\/strong>, emphasizing that it\u2019s no accident. She attributes the metals\u2019 outperformance to one word: <strong data-start=\"3899\" data-end=\"3914\">uncertainty<\/strong>.<\/p>\n<blockquote data-start=\"3917\" data-end=\"4094\">\n<p data-start=\"3919\" data-end=\"4094\">\u201cThe dysfunction in Washington isn\u2019t going away,\u201d she said. \u201cAnd every time Congress stalls or trade negotiations drag out, investors turn to what\u2019s safe\u2014<strong data-start=\"4073\" data-end=\"4092\">precious metals<\/strong>.\u201d<\/p>\n<\/blockquote>\n<p data-start=\"4096\" data-end=\"4286\">She added that unlike equities or digital currencies, gold and silver are <strong data-start=\"4170\" data-end=\"4199\">truly uncorrelated assets<\/strong>\u2014immune to central bank manipulation, government gridlock, and geopolitical volatility.<\/p>\n<p data-start=\"4288\" data-end=\"4543\">At <strong data-start=\"4291\" data-end=\"4306\">ITM Trading<\/strong>, we\u2019ve long advocated for a diversified portfolio built on <strong data-start=\"4366\" data-end=\"4385\">tangible wealth<\/strong>. And with leading voices like <strong data-start=\"4416\" data-end=\"4432\">David Morgan<\/strong> warning of a deeper systemic reset, the current trend in <strong data-start=\"4490\" data-end=\"4514\">gold &amp; silver prices<\/strong> may just be getting started.<\/p>\n<hr data-start=\"4545\" data-end=\"4548\" \/>\n<h3 data-start=\"4550\" data-end=\"4585\">A Message to the Fed\u2014and to You<\/h3>\n<p data-start=\"4587\" data-end=\"4651\">Danielle closed the conversation with a direct appeal to Powell:<\/p>\n<blockquote data-start=\"4653\" data-end=\"4786\">\n<p data-start=\"4655\" data-end=\"4786\">\u201cMake monetary policy for the people losing their jobs\u2014not just the 1% benefiting from 5% CDs. The data is telling you what to do.\u201d<\/p>\n<\/blockquote>\n<p data-start=\"4788\" data-end=\"4939\">That same call applies to everyday investors. If policymakers won\u2019t act in the public interest, it\u2019s up to you to take charge of your financial future.<\/p>\n<hr data-start=\"4941\" data-end=\"4944\" \/>\n<h3 data-start=\"4946\" data-end=\"4983\">Final Thoughts and Call to Action<\/h3>\n<p data-start=\"4985\" data-end=\"5176\">Whether you\u2019re worried about inflation, job loss, market volatility, or rising national debt\u2014<strong data-start=\"5078\" data-end=\"5131\">the solution isn\u2019t waiting on the Fed or Congress<\/strong>. It\u2019s taking action to protect what\u2019s yours.<\/p>\n<p data-start=\"5178\" data-end=\"5210\">At <strong data-start=\"5181\" data-end=\"5196\">ITM Trading<\/strong>, we help you:<\/p>\n<ul data-start=\"5211\" data-end=\"5379\">\n<li data-start=\"5211\" data-end=\"5249\">\n<p data-start=\"5213\" data-end=\"5249\">Acquire <strong data-start=\"5221\" data-end=\"5249\">physical gold and silver<\/strong><\/p>\n<\/li>\n<li data-start=\"5250\" data-end=\"5321\">\n<p data-start=\"5252\" data-end=\"5321\">Build portfolios that hedge against inflation and job market weakness<\/p>\n<\/li>\n<li data-start=\"5322\" data-end=\"5379\">\n<p data-start=\"5324\" data-end=\"5379\">Preserve your wealth in a world of monetary uncertainty<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"5381\" data-end=\"5591\">&#x1f449; <strong data-start=\"5384\" data-end=\"5486\">Download your free gold &amp; silver strategy report at <a class=\"\" href=\"https:\/\/www.danireport.com\" target=\"_new\" rel=\"noopener\" data-start=\"5438\" data-end=\"5484\">DaniReport.com<\/a><\/strong><br data-start=\"5486\" data-end=\"5489\" \/>Or speak with one of our precious metals experts about how to make your portfolio recession-resilient.<\/p>\n<hr data-start=\"5593\" data-end=\"5596\" \/>\n<p data-start=\"5598\" data-end=\"5691\"><strong data-start=\"5598\" data-end=\"5691\">You can\u2019t print prosperity. But you can protect it\u2014with gold, silver, and smart strategy.<\/strong><\/p>\n<p data-start=\"5598\" data-end=\"5691\">\n<p data-start=\"5915\" data-end=\"6035\"><strong data-start=\"2142\" data-end=\"2186\">THINKING ABOUT PURCHASING GOLD &amp; SILVER?<\/strong>\u00a0Get expert guidance from our team of analysts with 28+ years of experience. Schedule a free Q&amp;A &#x1f449;\u00a0<a href=\"https:\/\/calendly.com\/itmtrading\/youtube?utm_content=TK05052025\" target=\"_blank\" rel=\"noopener\" data-start=\"2286\" data-end=\"2414\">SCHEDULE YOUR CALL HERE<\/a>\u00a0or call\u00a0<strong data-start=\"2423\" data-end=\"2439\">866-351-4219<\/strong>.<\/p>\n<p data-start=\"2444\" data-end=\"2731\" data-is-last-node=\"\" data-is-only-node=\"\"><em data-start=\"2444\" data-end=\"2696\">\u201cThe ITM team offers something unique\u2014direct, personal guidance. What stood out to me right away was that they weren\u2019t just focused on making a sale. Instead, they took the time to build my understanding of the function and value of precious metals.\u201d<\/em>\u00a0\u2014 Gary P. [Verified Google Review]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cIt\u2019s time for Jerome Powell to put on his big boy pants and say, no, inflation is not the bigger problem,\u201d [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":37035,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2922],"tags":[53,84,2028,2100,3081,3754,4215,4413,5553,6170,6365,6366,6367,6368,6369,6370,6371,6372,6373,6374,6375],"class_list":["post-37034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daniela-cambone-show","tag-federal-reserve","tag-interest-rates","tag-economic-reset","tag-jerome-powell","tag-danielle-dimartino-booth","tag-qi-research","tag-daniela-cambone-interview","tag-u-s-deficit","tag-monetary-policy-shift","tag-rick-rule-symposium-2025","tag-inflation-debate","tag-u-s-employment-crisis","tag-consumer-purchasing-power","tag-trump-tax-bill","tag-elon-musk-economic-warning","tag-national-debt-concerns","tag-housing-market-inflation","tag-ray-dalio-interest-rate-view","tag-gold-and-silver-rally","tag-economic-policy-analysis","tag-fed-stimulus-debate"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/37034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=37034"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/37034\/revisions"}],"predecessor-version":[{"id":37037,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/37034\/revisions\/37037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/37035"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=37034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=37034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=37034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}