Peter's Blog

How Long Will the Fed Hawks Keep Flying?

After the June FOMC meeting and the Fed’s 75- basis point interest rate hike, I argued that the central bank is totally winging it. Reading between the lines in the minutes from that June meeting seems to bear this out. The Fed appears to be in reaction mode. The question becomes what will it react […]

Gazing Into a Hazy Crystal Ball: SchiffGold Friday Gold Wrap July 1, 2022

Federal Reserve Chairman Jerome Powell continues to insist that the economy is strong enough to withstand tighter monetary policy to fight inflation. But the economy seems to be saying otherwise. So, how will this play out? In this week’s Friday Gold Wrap podcast, host Mike Maharrey gazes into his crystal ball and speculates about what […]

Rick Rule: Fed Will “Chicken Out” on Inflation Fight

Well-known investment advisor Rick Rule said the Fed will chicken out on its inflation fight. Rule runs Rule Investment Media and formerly served as the president and CEO of Sprott US Holdings Inc. In a recent interview, Rule said that the Fed could get inflation under control with significantly tighter monetary policy for a sustained […]

Dumping Water on a Drowning Man: SchiffGold Friday Gold Wrap June 24, 2022

They tried to deny it for months, but now everybody knows we have an inflation problem. The president, Congress and all of the central bankers at the Fed are trying to find ways to solve this problem. But as host Mike Maharrey explains in this episode of the Friday Gold Wrap, all of their solutions […]

Three Ways Fed Rate Hikes Will Impact Your Wallet

The Federal Reserve recently delivered the largest interest rate hike since 1994 in an effort to combat inflation that turned out to be not so transitory. Economists and policy wonks continue to debate the effectiveness of these rate hikes in the face of historically high inflation, but what do they mean for you? Should you […]

Ron Paul: Fed Rate Increase too Little too Late

After a weak swipe at inflation at its May meeting, the Federal Reserve delivered the biggest rate hike since 1994 at its June FOMC gathering. But is it enough to tackle persistently red-hot inflation? Ron Paul doesn’t think so. He notes that the recent rate hikes have only raised rates to the level they were […]

Is Fed Chair Jerome Powell’s “Soft Landing” Even Possible?

After last week’s FOMC meeting, Federal Reserve Chairman Jerome Powell claimed that a “soft landing” was still possible. In other words, he thinks the central bank will be able to slay red-hot inflation without tipping the economy into a recession. Is this feasible? Or is it a fairytale?

The Fed: Totally Just Winging It

A 75 basis-point rate hike wasn’t even on the table a month ago. It appears that the central bankers over at the Fed were crawling around under the table because they found a 75-basis point rate hike. The Fed went big at the June FOMC meeting in response to hotter-than-expected May CPI data just a week […]

Playing Darts Wearing a Blindfold: SchiffGold Friday Gold Wrap June 17, 2022

The Federal Reserve just gave us the biggest interest rate hike since 1994. A month ago, we were told a 75 basis-point hike wasn’t on the table. It almost seems like the central bankers are winging it. Or as Friday Gold Wrap podcast host Mike Maharrey puts it, it’s like they’re playing darts while wearing […]

Will This Be the Last Move in the Fed’s Inflation Fight?

The Federal Reserve took a more aggressive swing at red-hot inflation at its June FOMC meeting, raising interest rates by 3/4%. It was the biggest hike since 1994. The question is will this be the last swing at inflation?