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Michael Lee, Founder of Michael Lee Strategy, joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News to discuss the unfolding banking crisis in the U.S., including the fate of the beleaguered First Republic Bank. They examine what the latest PCE inflation numbers may predict about the Fed’s upcoming interest rate decision, and why Lee believes that Fed Chair Jerome Powell is unlikely to pivot. They also address broader macroeconomic trends and the impacts on gold, stocks, and bonds.
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0:00 – Inflation and Fed policy
9:18 – Recession outlook
15:32 – Gold
17:35 – U.S. debt
20:30 – De-dollarization
23:58 – First Republic Bank
#banking #gold #inflation
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