Episode 292
Posted 28th wrzesień 2026

Danielle DiMartino Booth: The Fed is Looking at the Wrong Numbers

In this week’s Live from the Vault, Andrew Maguire is joined by Danielle DiMartino Booth of QI Research to examine what lies beneath an economy the Fed calls stable — from small business bankruptcies to credit markets pricing risk not seen in decades.

The two experts discuss why gold has broken from its historical relationship with interest rates, what the Xi-Trump meeting signals for the dollar, and why Danielle believes the biggest risk investors face right now is not the one they are watching.

Andrew Maguire

Precious metals expert & whistleblower

Andrew Maguire is a well-known figure in the precious metals industry, primarily recognised as a whistleblower and expert on gold and silver markets. With nearly 50 years of experience as a commodities trader, he has become a key voice on market manipulation in the precious metals sector, particularly within the COMEX (Commodity Exchange) markets.

As an independent Loco London metals trader and analyst, Maguire has delivered Precious Metals Advisory and Trading services to international hedge fund managers, bullion banks, metal traders, and some of the world’s largest financial institutions. His established relationships with regulatory bodies, including the U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ), as well as the UK’s Financial Conduct Authority (FCA), underscore his trusted role in the industry.

In 2010, Maguire brought global attention to silver market manipulation through a whistleblower testimony to the CFTC, cementing his reputation as a highly credible authority in the precious metals community.

Today, he continues to provide his insights into precious metals and financial markets as a regular commentator on the Live from the Vault podcast, where he explores trends and developments shaping the global financial landscape.

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Danielle DiMartino Booth

CEO of Quill Intelligence

As Founder & CEO of Quill Intelligence, DiMartino Booth sets out to redefine how market intelligence is conceived and delivered. A global thought leader on monetary policy, economics and finance, Danielle provides critical analysis of what is driving the markets – both in the United States and globally. 

She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America, a former columnist on Bloomberg View, a business speaker, and a commentator frequently featured on CNBC, Bloomberg View, Fox News, Fox Business News, BNN Bloomberg, Yahoo Finance and other major media outlets. Before Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis.

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