Peter's Blog

With Its Latest Rate Cut, the Fed Serves Wall Street and the Regime

Last week, the Fed cut interest rates by 25 basis points, the first cut since December. While it claims to be responding to economic conditions, the Fed is really just catering to political and financial elites, who’ve been pressuring the central bank for months. The following article was originally published by the Mises Institute. The […]

Wall Street Selling Bonds and Buying Gold | SchiffGold Friday Gold Wrap

In this episode of the Schiff Gold Friday Market Wrap, Peter Schiff reviews a week of significant volatility in the precious metals markets. Key highlights include the FOMC meeting, quadruple witching day, and impressive gains in gold and silver. Gold rose by 1.1%, closing near $3,685, while silver surged 2.8% in a single day, ending […]

Fed Blinks Again as Growth Cools, Gold Nears $3,700

The Federal Open Market Committee (FOMC) trimmed its policy rate by 25 basis points yesterday, acknowledging that U.S. growth has “moderated” and job creation is sputtering even as prices keep climbing. The new 4.00 – 4.25 percent target range marks the third cut of 2025 and arrives with inflation still “somewhat elevated,” hardly a confidence-inspiring […]

New Insights from the Fed’s Meeting Minutes: Market Expects Rate Cuts

Minutes from the Federal Open Market Committee’s June 17–18 meeting show policymakers content to hold their fire—for now. The Fed kept its benchmark federal-funds range at 4¼–4½ percent and left both the interest rate on reserve balances (4.4 percent) and the primary-credit rate (4.5 percent) untouched. Officials insisted that “recent indicators suggest that economic activity […]

Fed Holds Rates Steady as Inflation Persists, Gold Climbs Higher

Yesterday the Federal Open Market Committee (FOMC) announced its decision to hold the federal funds rate steady within a target range of 4-1/4 to 4-1/2 percent, signaling caution as inflation remains persistently high and economic uncertainty lingers. Fed Chair Jerome Powell maintained an optimistic stance, asserting the economy remains in a “solid position,” despite continued […]

Peter Schiff: The Fed is Ignoring Key Data

Shortly after yesterday’s FOMC announcement, Peter went live to unpack its aftermath. He criticizes the Federal Reserve’s decision to hold rates steady, offers insight into Jerome Powell’s press conference remarks, and skewers the notion that the Fed remains “apolitical.” Peter also addresses President Trump’s evolving commentary on oil prices and interest rate cuts as 2025’s […]

Peter Schiff: Booming Stock Market Mirrors Dot-Com Bubble

This week Peter covers the highlights of a volatile trading week, paying special attention to Nvidia, Wall Street’s favorite AI stock, and Newmont Corporation, a heavy hitter in the gold mining industry. Both companies’ shares experienced dramatic price action this week, with NVDA gaining $260 billion in market cap and pulling the market up after an excellent earnings […]

What a Difference Two Weeks Makes! SchiffGold Friday Gold Wrap Dec. 15, 2023

Two weeks ago, Federal Reserve Chairman Jerome Powell said it would be “premature” to conclude that monetary policy is sufficiently restrictive. This week, the Fed indicated rate cuts are on tap for next year. What a difference two weeks makes! In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down this week’s […]

The Fed Surrenders to Inflation!

The Federal Reserve just surrendered to inflation. Fed officials won’t call it a surrender. They’re claiming victory. But surrender is the effect of the policy trajectory laid out by the Federal Open Market Committee (FOMC) at its December meeting.

Confidence Level Is Low! SchiffGold Friday Gold Wrap Nov. 3, 2023

Federal Reserve Chairman Jerome Powell said he’s not confident interest rates are high enough to slay price inflation. He also said he’s not confident they aren’t. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey wonders out loud why we should have any confidence if Powell doesn’t. Along the way, he breaks […]