Peter's Blog

Jerome Powell’s pivot and a weakening dollar sent metals soaring. Peter Schiff explains why gold broke all-time highs, silver hit a 13-year high, and mining stocks are leading the rally. Rate cuts mean QE, higher long rates, and a weaker dollar—making “waiting for pullbacks” a costly mistake. In this Friday Gold Wrap, Peter covers gold, […]

On the latest episode of The Peter Schiff Show, Peter examines the latest turn in Fed policy and the political forces steering it. He argues that the Federal Reserve has reversed course under pressure, that credit expansion still drives price rises, and that foreign central banks are accelerating a move into gold. He also warns […]

As another month of steady interest rates passes by, the Fed’s favorite claim– that the central bank is “data-dependent”– continues to be made. This claim, of course, is not true. The Fed’s actions are dictated by incentives and pressures that favor cheap credit, not objective data. The following article was originally published by the Mises […]

President Trump’s insistence on lowering interest rates serves only the ever-growing spending state. Lower interest rates may relieve some price pressure in the housing market, but printing money is only going to make things worse in the long run.

If Donald Trump has his way and recent reports are accurate, Federal Reserve Chair Jerome Powell is considering stepping down from his position. While extremely rare, Fed Chairs resigning before the end of their term isn’t entirely unheard of. Powell’s obligations would ordinarily extend to May 2026.

Federal Reserve Chair Jerome Powell told the House Financial Services Committee on Tuesday that the central bank is in no rush to move interest rates, even as fresh tariffs cloud the outlook and inflation remains sticky. “For the time being, we are well positioned to wait to learn more about the likely course of the […]

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 […]

Last week’s inflation data confirms what many economists have been saying for months: the Fed’s inflation target is not achievable anytime soon. In fact, many economic signals suggest the opposite: inflation is here to stay, and even the Fed realizes it.

On Wednesday evening, Peter took to his podcast to cover the week’s big economic headline: inflation is still running hot. In this episode he covers this week’s alarming CPI figures and the political fallout they caused. These metrics highlight just how unprepared Powell and the Fed are for coming stagflation.

Federal Reserve Chair Jerome Powell made a definitive statement during Tuesday’s Senate hearing, affirming that as long as he remains at the helm, the Fed will not develop its own digital currency. During his semiannual testimony on monetary policy and regulation, Powell was asked by Sen. Bernie Moreno (R-Ohio) if he would commit to forgoing […]