Fed Rate Cuts Risk Backfiring, Janet Yellen Pushes Economic Optimism – Peter Boockvar

Jeremy Szafron, Anchor at Kitco News, speaks with Peter Boockvar, Chief Investment Officer at Bleakley Financial Group, about the U.S. economy and the impact of potential Federal Reserve rate cuts. Boockvar critiques Janet Yellen’s recent economic outlook, labeling her a "salesperson" for the economy. He breaks down inflation trends, the disparity between Wall Street and Main Street, and the varying consumer experiences across income levels. Boockvar also examines China's influence on the global gold market and questions the relevance of the Fed's next moves.

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00:00 - Introduction: Yellen on the Economy
02:00 - Yellen's Optimism vs 2008 Warnings
04:30 - Treasury Secretary as Economic 'Salesperson'
06:20 - Economic Divide: Wealthy vs. Low-Income Consumers
08:50 - Global Impacts: China and Europe
11:00 - Rate Cut Debate: 25 or 50 Points?
13:40 - Inflation Concerns and Fed Strategy
16:10 - Gold Purchases and Central Banks
19:00 - U.S. Dollar's Impact
21:30 - Upcoming Inflation Data

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