RiskReversal Pod Peter Boockvar: Are Central Banks Losing Grip?
Aug 19, 2025
Peter Boockvar, CIO of OnePoint BFG Wealth Partners, brings sharp insights on the shifting dynamics of central banks. He dives into the potential fallout from the Jackson Hole Fed meeting and discusses how tariffs are reshaping inflation, particularly in the used car and construction markets. Their chat navigates rising global interest rates, especially in Japan, and the evolving role of AI in enhancing productivity amidst fierce competition from Chinese firms. Retailers are dissected for their adaptation strategies in this challenging economic landscape.
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Fed Will Avoid Far‑Sighted Precommitments
- Jay Powell is likely to confirm a September cut but avoid pre-committing beyond that due to incoming data uncertainty.
- He will wait to see labor market inflection and tariff price pass-through before signaling further moves.
Tariffs Can Trigger Multi‑Year Inflation
- Tariffs may be a one-time tax but can reshuffle supply chains and create multi-year inflation pressure.
- That structural shift can raise prices in used cars, autos, and rents, sustaining higher rates longer.
Used‑Car Importer Cut Shipments After Tariff
- A used‑car importer cut shipments from 1,400 to 400 cars after a 25% tariff on Canadian imports was enforced.
- That reduction could create a multi-year shortage and push used‑car prices higher.