Fed likely to hold as geopolitics constrains Warsh: Peter Boockvar

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Peter Boockvar of One Point BFG Wealth Partners argues that bond vigilantes are back, with rising long-term Treasury yields serving as a check on U.S. fiscal policy and limiting how much Fed chairman Kevin Warsh can influence monetary policy. He also explains why the Fed is likely to remain on hold, citing geopolitical risks, Treasury financing needs, and ongoing uncertainty over the economic data.