Peter's Blog

Fed Chair Jerome Powell Sticks to Dovish Script During Congressional Testimony

Federal Reserve Chairman Jerome Powell testified before Congress on Tuesday and continued to peddle the “transitory” inflation narrative. Keeping with the dovish tone set after last week’s FOMC meeting, Powell reiterated that the central bank is not going to rush to raise interest rates, and he said the Fed would not hike rates merely in […]

This Economy Is Jacked Up! SchiffGold Friday Gold Wrap April 20, 2021

There was a lot of news and economic data that came out this week. The Fed held its April meeting. President Biden unveiled yet another tax and spend plan. And the Q1 GDP numbers came out. In this episode of the Friday Gold Wrap, host Mike Maharrey gives an overview of the week’s news and […]

Jerome Powell: Same Old Song and Dance

The Federal Reserve wrapped up its April meeting yesterday. Again, there were no changes in actual policy, leaving everybody to try to parse out meaning from the FOMC’s statement and Jerome Powell’s post-meeting press conference. When you boil it all down, it was pretty much the same song and dance from  Federal Reserve Chairman Jerome […]

Peter Schiff: The Federal Reserve Is Basically Just a Big PR Firm

Most people view the Federal Reserve as an important policy-making body driving the economy. But in this clip from an interview with Jay Matin at Cambridge House, Peter Schiff says the Fed’s primary role is that of a marketing firm selling the populace on bad economics and trying to convince everybody that everything is great. […]

It’s Not a Problem! Until It Is: SchiffGold Friday Gold Wrap April 16

CPI came in even hotter than expected signaling rising inflation. The US government is running a massive record budget deficit. But we’re told these things aren’t a problem. Budget deficits don’t really matter. Inflation is transitory. But how can we be so sure? On this episode of the Friday Gold Wrap podcast, host Mike Maharrey […]

Jerome Powell Admits Federal Budget “Unsustainable” But Assumes We Can Fix It Later

Through the first six months of fiscal 2021, the US government ran a record $1.7 trillion budget deficit. Federal Reserve Chairman Jerome Powell said this is sustainable – for now. During a webinar sponsored by the Economic Club of Washington DC, Powell said the economy can handle the current debt load. But he did warn […]

Peter Schiff: Inflation Coming in Hot

Federal Reserve Chairman Jerome Powell keeps telling us not to worry about rising prices, assuring us that any increase in price inflation is “transitory.” It appears most of the mainstream is buying this hook line and sinker. The March CPI number was expected to come in hot due to a much lower baseline. Prices tanked […]

Peter Schiff: We’re on Autopilot Down the Road Toward Inflation

During his recent 60 Minutes interview, Federal Reserve Chairman Jerome Powell reiterated that he thinks any spike in price inflation will be transitory. As he put it during the interview, we may see “temporarily higher prices but not persistent inflation.” Peter Schiff appeared on RT Boom Bust to talk about Powell’s view on rising prices. […]

Peter Schiff: Jerome Powell Making Promises the Fed Can’t Keep

Jerome Powell was on 60 Minutes Sunday to reassure us that everything is great and the economy is in fine shape thanks to the Fed. He went on to guarantee the Fed’s indefinite economic support while downplaying inflation. Powell made a lot of promises, but as Peter Schiff breaks it down in his podcast, it […]

When Doves Cry: SchiffGold Friday Gold Wrap April 9, 2021

Gold hit its highest price in five weeks after the release of the March Federal Reserve meeting minutes and comments by Jerome Powell both reiterated the central bank’s dovish position. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed’s dovish cry and how this could play out. He […]