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The U.S. economy might need to endure temporary difficulties to achieve long-term stability following the Biden administration’s policies, according to QI Research’s CEO and chief strategist Danielle DiMartino Booth in her recent Newsmax appearance.
During her interview on “Rob Schmitt Tonight,” Booth emphasized that public sentiment aligns with economic concerns. “It’s not so much what I think; it’s what two-thirds of the American public has voiced, and that is that they see the unemployment rate rising in the next 12 months,” she stated.
In other news….US Vice President JD Vance says Europe is risking civilisational suicide and that Britain’s economy is stagnating due to high levels of immigration, arguing that Western nations are "growing lazy" and relying too much on "cheap labour" instead of improving… pic.twitter.com/MoBX3LpW9Q
— The Yorkshire Lass (@real_shirelass) March 19, 2025
The discussion followed the Federal Reserve’s latest economic projections, which paint a more conservative picture of future growth. The Fed anticipates economic growth will decrease to 1.7% in 2025, down from 2.8% in the previous year, followed by a modest 1.8% increase in 2026. Additionally, inflation is expected to rise slightly from its current 2.5% to 2.7% by year-end, exceeding the central bank’s 2% target.
Booth highlighted how recent data has necessitated a reassessment of previous economic indicators. She noted that “the Biden administration left the U.S. economy on a much weaker footing than what most in the media portrayed it to be,” adding, “We are seeing that truth come out.”
After US CPI is 2.8%, the lowest inflation in four years.
Even CNN: Finally, we have some good news on the economy, both of these figures were a step in the right direction, and BOTH were better than expected, this actually breaks a streak of four straight months where the… pic.twitter.com/wBxCV2Vftb
— AJ Huber (@Huberton) March 12, 2025
Despite these challenges, Booth expressed optimism about future economic management. She voiced confidence in the current administration and Treasury Secretary Scott Bessent’s ability to work toward what she termed the “long-term prosperity of hard-working Americans and putting this country on more stable footing.”
The economic expert also discussed how employment figures have undergone significant revisions. She pointed out that history has been “rewritten with every downward revision that we’ve seen to payroll growth that’s coming out, starting in 2023 and 2024.”
