First Republic on the brink of collapse, Fed refuses to pivot - Michael Lee

Michael Lee, Founder of Michael Lee Strategy, joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to analyze the deepening banking crisis in the U.S., with a focus on the troubled First Republic Bank. They delve into the implications of the latest PCE inflation figures for the Fed's forthcoming interest rate policy and discuss why Lee doubts a pivot from Fed Chair Jerome Powell. The conversation extends to encompass broader macroeconomic forces and their effects on gold, stocks, and bonds. Stay informed with this critical analysis on Kitco News.

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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

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