The U.S. may already be in a "plain vanilla recession," according to Danielle DiMartino Booth, CEO and chief strategist for Quill Intelligence and a former advisor to the Federal Reserve Bank of Dallas. DiMartino Booth explained how a weakening job market and increasing Chapter 11 bankruptcy filings signal that the U.S. is already in a recession. DiMartino Booth suggested that "for the next six to 18 months, AI is going to … feel like a weapon of mass destruction." DiMartino Booth also said the Fed isn't entirely to blame for the high levels of inflation explaining that the "interest rate policy is a blunt instrument." Watch the video above to learn more about what Danielle DiMartino Booth has to say about the state of the U.S. economy, including why the nation may already be in a recession, ways AI is changing the workplace and how the economy can work best on a global scale.

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Persons: Danielle DiMartino Booth, DiMartino Booth, — Organizations: Quill Intelligence, Federal Reserve Bank of Dallas, CNBC Locations: U.S