Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Fed Governor remains maintains outlook for three interest cuts in
twenty twenty five. Okay, so three cuts now twenty twenty five,
that's what they're saying. Yep, they're saying three cuts in
twenty twenty five.
Speaker 2 (00:17):
Let's read this year.
Speaker 1 (00:18):
So Federal Reserve Governor Michelle Bauman, Vice Sure of Supervision
reiterator projection of three twenty five basis point interest rate
cuts in twenty twenty five, despite the Federal Open Market
Committee decision to maintain the benchmark federal funds rate at
four point twenty five to four point five. She spoke
at Kansas Banker Association twenty twenty five zeal Manager and
Senior Management Summit in Colorado Spins, Colorad, emphasizing her descent
(00:42):
from July decision alongside Fed Governor Christopher Waller, marking the
first dual dissent favoring cut since nineteen ninety three. Bowman
based their stands on the signs of fragility, fragility and
labor market conditions, stating economic conditions appeared to be shifting
and as a result, we should reflect this shift in
(01:02):
our policy decision.
Speaker 3 (01:03):
Tom Yep, this is the individual that I gave credit
to and I said, you know what, this is the
first time in thirty two years that we had dissenters.
Speaker 2 (01:13):
And she was right.
Speaker 3 (01:15):
And I commented at the time that I thought that
that Weller Waller excuse me, was saying it because he
actually wanted to be Justin Waller. Yeah, well he actually no, no,
Christopher Waller, he actually wanted to be the next Powell.
And so I said him dissenting, you know, okay, but
he's kind of campaigning. But Michelle Bowman was absolutely I think,
(01:40):
well within her rights and was correct about the descent.
And now she's saying, we're going to get three cuts,
which would be September sixteenth, seventeenth, October twenty ninth, and
December tenth, twenty five, twenty five, twenty five.
Speaker 2 (01:50):
That's what she's looking at. And by the way, if you.
Speaker 3 (01:53):
Go look at CME CMME, which is the federal tracker
of the Federal Board of Governors, and what they say
at their speeches and stuff. Here we go CMME, fed tracker.
Just say fed tracker. Let's go take a look at
where it is. It's okay, thirty five days, three hours
and thirty six minutes. Even have a countdown clock air Pat,
(02:14):
it's amazing. Now go down, just go down, and oh
my goodness, what does that say at the top of
that blue blue bar. Oh my gosh, ninety seven point
nine percent?
Speaker 2 (02:24):
Is that what that says?
Speaker 3 (02:26):
Ninety seven point nine percent chance that we're going to
get a cut coming up here on the sixteenth, seventeenth
of September of a quarter point. I think she's absolutely right,
and she's out there pushing it because we are seeing
a little bit of unemployment, we're seeing things that make
sense for the cut, and so I happen to be
right there with Michelle Bowman, and I think she's had
(02:47):
the guts to stand up. First time in thirty two
years we had two governors actually stand up in dissent.
Although you get a discount Waller a little bit because
he's kind of lobbying to be the next pow Interesting,
all right.
Speaker 1 (02:58):
Did you see did you hear who Scott Besson said
that he's Trumps considering Jenny Janet yelling, Yeah, that's kind
of interesting.
Speaker 2 (03:05):
That's kind of interesting. Is that very much? So? It's
called a team of rivals? Can you plead that clip?
Speaker 4 (03:11):
Candidates? There's a lot of talk about it Chris Waller,
Kevin Warsh, Kevin Hast and so forth and other names.
Speaker 2 (03:19):
You're casting a wide net.
Speaker 4 (03:21):
Very very wide net. And as you know, more than
more than anyone, president has a very open mind. He
even considered Janet reappointing Jennet Yelling. So we want to
see what everyone's thinking. It's not ideological. It's about economics.
What's best for the American people, what's best for the economy.
And as I talked to the candidates, I'm looking at
(03:44):
three things. Monetary policy, regulatory policy, and the ability to
run and revamp the organization because it's really gotten bloated,
and I think that this bloat puts its monetary independence
at risk.
Speaker 2 (04:00):
Well, you said, all right, there you go.
Speaker 1 (04:03):
Balance that he is entertaining Janet Yellen. Now that could
also be a misdirection. That also could be something that
they're trying to throw you off. But I think Trump
is a guy that would actually entertain Janet Yelling.
Speaker 2 (04:16):
I actually think he would entertain it. I think Trump's
the guy that would be open to it.
Speaker 3 (04:19):
Tom sure, and I think in the team of rivals,
you have to think about things. A friend of mine
from inside the administration said that time wasn't thrown into
the ring by Besson. Beston's hat was thrown into the
ring by Lutnik, who felt that he'd be a strong candidate.
And then Lutnik is kind of self nominated and said,
(04:42):
and if you need somebody with a treasury, I'd be
glad to do it.
Speaker 2 (04:44):
So I think we've got.
Speaker 3 (04:45):
A lot of really good people and a team of rivals.
And that answer from Besstt we just heard there, I
thought was balance, and he's talking about the exact things
the economy needs. This place is being run like a
business now, and guess what it's showing up in the results.
Speaker 5 (05:02):
I gotta I gotta be honest with you. I'll go
real quick. I think I'm very impressed with Scott Bestons.
He seems very capable. I mean, he's the one who
allegedly got Elon Musk got a doge. But let me
take one quick angle right now. Don't look now, but uh,
this is the richest I've ever been. I'm assuming this
is the richest you've ever been. I'm assuming the richest
ever been. I know this is the richest you've ever been. Inflation,
(05:26):
the s and P five hundred is at all time high.
NASDAK is at all time high, Dow is reaching all
time records, Bitcoin at all time high. Things are looking
pretty darn nice. And you know you have zero control
of what the Fed duds with rate cuts, zero goes up.
Trump Fire's pal hires yelling, whatever happens happens. Well, you
do control your bank account. You do control how hard
(05:48):
you work, work, earn, save, invest, work, earn, save invest,
do it on rinse and repeat, keep your cost low,
stay the course. And here's the biggest thing. Tune out
the noise. Three or four months ago, they thought the
world was falling apart tariffs. Oh my god, now we're
at all time highs. Donald Trump is sitting there laughing
at everybody that thought the economy was going to tumble.
(06:08):
And now take your money to the piggybank.
Speaker 1 (06:11):
VENI yeah, I mean, look it's again three times. I
don't know, Janet Yellen, possibility a lot of moving parts.
Speaker 2 (06:20):
But we'll see what's going to happen.
Speaker 1 (06:21):
Here with the store in August twenty seventh, at our
property here, okay, and a hangar at our you know
property that we have in four lawed our headquarters. We're
holding a special networking opportunity. A lot of you guys
keep saying, Pat, I want to come see the property.
I want to come see the property. Most people don't
know this. We're building the biggest footsalt field right now.
(06:42):
That is three thousand feet a square feet bigger than
the biggest footsal field, the traditional ones that you see.
We're building one right now.
Speaker 2 (06:49):
Sky.
Speaker 1 (06:49):
What's the feet footsal field? It's anyways. The people that know,
they know.
Speaker 2 (06:53):
I don't understand.
Speaker 1 (06:54):
Yeah, no, listen. So we're building it here. We're doing
a bunch of different things on our property. We want
to give some of the people an opportunity to come
and see the property, and some of you guys, I
want to give you a tour when you come down here.
Speaker 2 (07:05):
So here's what we're doing. August twenty seven.
Speaker 1 (07:07):
Anybody that's bought a Vault ticket that's going to the
Vault conference.
Speaker 2 (07:12):
That's out of South Florida.
Speaker 1 (07:14):
You can be from anywhere if you want to come participate,
but specifically for the people that are in Florida. If
you bought a ticket, general, you're invited. Our team will
give you a you'll be able to network with others.
Platinum and Executive ticket holders, you're going to get a
tour of the entire property. Founder and Seal ticket holders,
(07:34):
I'm going to give you a tour to property myself.
I'm going to show you exactly everything that we're doing here.
But you have to be a ticket holder, and if
you haven't bought the tickets yet, you have to see
what we're gonna have our center car outside the Formula
one that we bought the nineteen eighty nine to one.
We have a lot of things. You'll see what we're
doing behind closed doors. This year's VALL conference is going
to be absolutely epic. If you're somebody that's got big
(07:54):
plans second half of you. I keep telling this to people,
do not go through this year by yourself. This is
the wars here to go into twenty twenty six without
getting the strategies that others are having.
Speaker 2 (08:06):
By far the worst, whether it's.
Speaker 1 (08:07):
AI, human nature, real estate, insurance, finance, raising capital networking
with others. Myself, Tony Robbins Marcus through David falk at
the number one business conference of the year, that teaches
you what to do when you leave. It's not like
Rara motivation. Here's how we do this. Three hundred page
manual that will be given to everybody. If you haven't
yet bought your ticket, go to the Wall Conference dot
(08:28):
com buy your ticket. Then Rob, if you can put
the link below for the people that have already bought
a ticket because you got a register, Because it's only
for the first two hundred, we're not doing it with
a two thousand people shown up here. First two hundred register,
lock them that' said, each person that bought a ticket,
you'll get to bring one person with you see the tour,
whether they have a ticket or not. It's not a problem.
But the first two hundred register you'll be able to
(08:49):
come join us. You just have to prove to us
that you bought a ticket on our team will verify that. Rob,
what is the link for them to go to register
for this? Is there a link that you.
Speaker 5 (08:56):
Have for it's actually pinned inside of the chat on you.
Speaker 1 (09:00):
Okay, But is there a link for it for people
that are only listening to audio, like if it's in different.
Speaker 2 (09:05):
Places, not that I'm aware of, I can find it.
Speaker 1 (09:08):
Well, I would say, maybe send an email to inflo
advt dot com. Send an email to inflo advt dot
com and they'll send back over to you, but if
you don't, it's a link on Spotify and on YouTube
able to get to it to learn what that is
all about. I'm looking forward to seeing many of you here.
If you enjoy this video, you want to watch more
videos like this, click here, and if you want to
watch the entire podcast, click here.
Fed Governor remains maintains outlook for three interest cuts in
twenty twenty five. Okay, so three cuts now twenty twenty five,
that's what they're saying. Yep, they're saying three cuts in
twenty twenty five.
Speaker 2 (00:17):
Let's read this year.
Speaker 1 (00:18):
So Federal Reserve Governor Michelle Bauman, Vice Sure of Supervision
reiterator projection of three twenty five basis point interest rate
cuts in twenty twenty five, despite the Federal Open Market
Committee decision to maintain the benchmark federal funds rate at
four point twenty five to four point five. She spoke
at Kansas Banker Association twenty twenty five zeal Manager and
Senior Management Summit in Colorado Spins, Colorad, emphasizing her descent
(00:42):
from July decision alongside Fed Governor Christopher Waller, marking the
first dual dissent favoring cut since nineteen ninety three. Bowman
based their stands on the signs of fragility, fragility and
labor market conditions, stating economic conditions appeared to be shifting
and as a result, we should reflect this shift in
(01:02):
our policy decision.
Speaker 3 (01:03):
Tom Yep, this is the individual that I gave credit
to and I said, you know what, this is the
first time in thirty two years that we had dissenters.
Speaker 2 (01:13):
And she was right.
Speaker 3 (01:15):
And I commented at the time that I thought that
that Weller Waller excuse me, was saying it because he
actually wanted to be Justin Waller. Yeah, well he actually no, no,
Christopher Waller, he actually wanted to be the next Powell.
And so I said him dissenting, you know, okay, but
he's kind of campaigning. But Michelle Bowman was absolutely I think,
(01:40):
well within her rights and was correct about the descent.
And now she's saying, we're going to get three cuts,
which would be September sixteenth, seventeenth, October twenty ninth, and
December tenth, twenty five, twenty five, twenty five.
Speaker 2 (01:50):
That's what she's looking at. And by the way, if you.
Speaker 3 (01:53):
Go look at CME CMME, which is the federal tracker
of the Federal Board of Governors, and what they say
at their speeches and stuff. Here we go CMME, fed tracker.
Just say fed tracker. Let's go take a look at
where it is. It's okay, thirty five days, three hours
and thirty six minutes. Even have a countdown clock air Pat,
(02:14):
it's amazing. Now go down, just go down, and oh
my goodness, what does that say at the top of
that blue blue bar. Oh my gosh, ninety seven point
nine percent?
Speaker 2 (02:24):
Is that what that says?
Speaker 3 (02:26):
Ninety seven point nine percent chance that we're going to
get a cut coming up here on the sixteenth, seventeenth
of September of a quarter point. I think she's absolutely right,
and she's out there pushing it because we are seeing
a little bit of unemployment, we're seeing things that make
sense for the cut, and so I happen to be
right there with Michelle Bowman, and I think she's had
(02:47):
the guts to stand up. First time in thirty two
years we had two governors actually stand up in dissent.
Although you get a discount Waller a little bit because
he's kind of lobbying to be the next pow Interesting,
all right.
Speaker 1 (02:58):
Did you see did you hear who Scott Besson said
that he's Trumps considering Jenny Janet yelling, Yeah, that's kind
of interesting.
Speaker 2 (03:05):
That's kind of interesting. Is that very much? So? It's
called a team of rivals? Can you plead that clip?
Speaker 4 (03:11):
Candidates? There's a lot of talk about it Chris Waller,
Kevin Warsh, Kevin Hast and so forth and other names.
Speaker 2 (03:19):
You're casting a wide net.
Speaker 4 (03:21):
Very very wide net. And as you know, more than
more than anyone, president has a very open mind. He
even considered Janet reappointing Jennet Yelling. So we want to
see what everyone's thinking. It's not ideological. It's about economics.
What's best for the American people, what's best for the economy.
And as I talked to the candidates, I'm looking at
(03:44):
three things. Monetary policy, regulatory policy, and the ability to
run and revamp the organization because it's really gotten bloated,
and I think that this bloat puts its monetary independence
at risk.
Speaker 2 (04:00):
Well, you said, all right, there you go.
Speaker 1 (04:03):
Balance that he is entertaining Janet Yellen. Now that could
also be a misdirection. That also could be something that
they're trying to throw you off. But I think Trump
is a guy that would actually entertain Janet Yelling.
Speaker 2 (04:16):
I actually think he would entertain it. I think Trump's
the guy that would be open to it.
Speaker 3 (04:19):
Tom sure, and I think in the team of rivals,
you have to think about things. A friend of mine
from inside the administration said that time wasn't thrown into
the ring by Besson. Beston's hat was thrown into the
ring by Lutnik, who felt that he'd be a strong candidate.
And then Lutnik is kind of self nominated and said,
(04:42):
and if you need somebody with a treasury, I'd be
glad to do it.
Speaker 2 (04:44):
So I think we've got.
Speaker 3 (04:45):
A lot of really good people and a team of rivals.
And that answer from Besstt we just heard there, I
thought was balance, and he's talking about the exact things
the economy needs. This place is being run like a
business now, and guess what it's showing up in the results.
Speaker 5 (05:02):
I gotta I gotta be honest with you. I'll go
real quick. I think I'm very impressed with Scott Bestons.
He seems very capable. I mean, he's the one who
allegedly got Elon Musk got a doge. But let me
take one quick angle right now. Don't look now, but uh,
this is the richest I've ever been. I'm assuming this
is the richest you've ever been. I'm assuming the richest
ever been. I know this is the richest you've ever been. Inflation,
(05:26):
the s and P five hundred is at all time high.
NASDAK is at all time high, Dow is reaching all
time records, Bitcoin at all time high. Things are looking
pretty darn nice. And you know you have zero control
of what the Fed duds with rate cuts, zero goes up.
Trump Fire's pal hires yelling, whatever happens happens. Well, you
do control your bank account. You do control how hard
(05:48):
you work, work, earn, save, invest, work, earn, save invest,
do it on rinse and repeat, keep your cost low,
stay the course. And here's the biggest thing. Tune out
the noise. Three or four months ago, they thought the
world was falling apart tariffs. Oh my god, now we're
at all time highs. Donald Trump is sitting there laughing
at everybody that thought the economy was going to tumble.
(06:08):
And now take your money to the piggybank.
Speaker 1 (06:11):
VENI yeah, I mean, look it's again three times. I
don't know, Janet Yellen, possibility a lot of moving parts.
Speaker 2 (06:20):
But we'll see what's going to happen.
Speaker 1 (06:21):
Here with the store in August twenty seventh, at our
property here, okay, and a hangar at our you know
property that we have in four lawed our headquarters. We're
holding a special networking opportunity. A lot of you guys
keep saying, Pat, I want to come see the property.
I want to come see the property. Most people don't
know this. We're building the biggest footsalt field right now.
(06:42):
That is three thousand feet a square feet bigger than
the biggest footsal field, the traditional ones that you see.
We're building one right now.
Speaker 2 (06:49):
Sky.
Speaker 1 (06:49):
What's the feet footsal field? It's anyways. The people that know,
they know.
Speaker 2 (06:53):
I don't understand.
Speaker 1 (06:54):
Yeah, no, listen. So we're building it here. We're doing
a bunch of different things on our property. We want
to give some of the people an opportunity to come
and see the property, and some of you guys, I
want to give you a tour when you come down here.
Speaker 2 (07:05):
So here's what we're doing. August twenty seven.
Speaker 1 (07:07):
Anybody that's bought a Vault ticket that's going to the
Vault conference.
Speaker 2 (07:12):
That's out of South Florida.
Speaker 1 (07:14):
You can be from anywhere if you want to come participate,
but specifically for the people that are in Florida. If
you bought a ticket, general, you're invited. Our team will
give you a you'll be able to network with others.
Platinum and Executive ticket holders, you're going to get a
tour of the entire property. Founder and Seal ticket holders,
(07:34):
I'm going to give you a tour to property myself.
I'm going to show you exactly everything that we're doing here.
But you have to be a ticket holder, and if
you haven't bought the tickets yet, you have to see
what we're gonna have our center car outside the Formula
one that we bought the nineteen eighty nine to one.
We have a lot of things. You'll see what we're
doing behind closed doors. This year's VALL conference is going
to be absolutely epic. If you're somebody that's got big
(07:54):
plans second half of you. I keep telling this to people,
do not go through this year by yourself. This is
the wars here to go into twenty twenty six without
getting the strategies that others are having.
Speaker 2 (08:06):
By far the worst, whether it's.
Speaker 1 (08:07):
AI, human nature, real estate, insurance, finance, raising capital networking
with others. Myself, Tony Robbins Marcus through David falk at
the number one business conference of the year, that teaches
you what to do when you leave. It's not like
Rara motivation. Here's how we do this. Three hundred page
manual that will be given to everybody. If you haven't
yet bought your ticket, go to the Wall Conference dot
(08:28):
com buy your ticket. Then Rob, if you can put
the link below for the people that have already bought
a ticket because you got a register, Because it's only
for the first two hundred, we're not doing it with
a two thousand people shown up here. First two hundred register,
lock them that' said, each person that bought a ticket,
you'll get to bring one person with you see the tour,
whether they have a ticket or not. It's not a problem.
But the first two hundred register you'll be able to
(08:49):
come join us. You just have to prove to us
that you bought a ticket on our team will verify that. Rob,
what is the link for them to go to register
for this? Is there a link that you.
Speaker 5 (08:56):
Have for it's actually pinned inside of the chat on you.
Speaker 1 (09:00):
Okay, But is there a link for it for people
that are only listening to audio, like if it's in different.
Speaker 2 (09:05):
Places, not that I'm aware of, I can find it.
Speaker 1 (09:08):
Well, I would say, maybe send an email to inflo
advt dot com. Send an email to inflo advt dot
com and they'll send back over to you, but if
you don't, it's a link on Spotify and on YouTube
able to get to it to learn what that is
all about. I'm looking forward to seeing many of you here.
If you enjoy this video, you want to watch more
videos like this, click here, and if you want to
watch the entire podcast, click here.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.