Kitco News, Released on 6/17/26

Kevin Warsh just concluded his first meeting as Fed Chair, and while the vote was unanimous, the underlying data points to severe economic stress. Bankruptcies are up 38.4% year-over-year, margin debt has hit a record $1.42 trillion, and the Fed is officially forecasting that inflation will stay stuck at current levels. Kitco News Senior Anchor Jeremy Szafron sits down with Fed insider and QI Research CEO Danielle DiMartino Booth to break down why the Fed’s refusal to signal rate cuts is accelerating a debt crisis. DiMartino Booth exposes the real labor market numbers, warns of a looming private credit blowup, and explains why the immediate $150 drop in gold might actually be a textbook buying opportunity for investors seeking cover.

(Timestamps are below the video)

00:00 Warsh Shocks Markets
01:06 Fed Insider Joins
01:40 Unanimous Vote Deep Divide
03:26 Debt Risks And Yield Curve
05:46 Less Guidance More Credible
07:42 Gold Whipsaw Explained
09:47 Private Credit Stress Points
11:12 Task Forces And Outsiders
13:00 Host Recap New Fed Era
13:55 What Changes Next
14:50 Bottom Line And Sign Off

Danielle DiMartino Booth is Founder & CEO of QI Research, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Lufkin & Jenrette and Credit Suisse, where she worked fixed income and the public and private equity markets. Danielle earned her BBA as a College of Business Scholar at the University of Texas at San Antonio. She holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University.

  economy, Fed, gold, inflation, kevin warsh