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Danielle DiMartino Booth, CEO of Quill Intelligence and Author of “Fed Up,” joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss the Federal Reserve’s March rate hike of 25 bps, and why Booth believes that “more bank failures” are on the horizon as Fed Chair Jerome Powell continues to tighten monetary policy. Booth also provides her economic outlook, and suggests that investors can “be bold” in allocating more than 10% of their portfolio to gold, which she forecasts will rise in the midst of ongoing financial stress.
Follow Danielle DiMartino Booth on Twitter: @DiMartinoBooth (https://twitter.com/DiMartinoBooth)
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
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0:00 – Fed rate hike
5:06 – Fed pivot?
6:57 – ‘Banking crisis’
16:07 – Fed’s balance sheet
18:54 – Commercial real estate and banking
21:36 – Economic outlook
22:48 – Investment implications
#banking #gold #federalreserve
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