Peter's Blog

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 […]

Why Has the Upcoming Fed Meeting Not Bumped Gold More?

The odds are set at 94% that the federal reserve will cut rates following the September 17th meeting. Trump has pressured Powell for this for months, and if the Wednesday meeting confirms these rate cuts, it will be a historic step for the Fed. Never before has Executive Branch’s control of money been seen so […]

Gold Breaks Record, Silver Nears $40, Mining Stocks Surge | SchiffGold Friday Gold Wrap

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, […]

Peter Schiff: Powell Caved — Inflation Wins

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 […]

The Fed Claims to Be “Data-Driven,” but the Data Is Flawed

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 […]

The Mortgage Rate Myth: Why Cheap Money Won’t Fix Housing Affordability

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.

Central Bankers vs. The Dollar

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.

Powell Stalls, Tariffs Loom, and Consumers Turn Gloomy

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 […]

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 […]

The Fed Can No Longer Ignore Stubborn Inflation

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.