Peter's Blog

Powell Put Confirmed: Balance Sheet Reduction Will End This Year

After weeks of hinting, Federal Reserve Chairman Jerome Powell confirmed that the central bank will end its balance sheet reduction program this year. This just five months after insisting quantitative tightening was on “autopilot.” “We’ve worked out, I think, the framework of a plan that we hope to be able to announce soon that will […]

Peter Schiff: The Fed Is Trying to Get the Market A Little Bit Pregnant When It Comes to Inflation

There was a lot of Fed-talk on Friday and the big theme was inflation. For quite a while, Peter has been asking an important question: what is the Federal Reserve going to do when the inflation level gets above 2%? Well, it looks like its setting the stage. 

Mixed Messages: SchiffGold Friday Gold Wrap 02.22.19

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Was Ben Bernanke Lying or Just Wildly Mistaken?

Was Ben Bernanke lying or just wildly mistaken when he claimed the Federal Reserve wasn’t monetizing the debt in the early days of the financial crisis? The Fed released the minutes from its January Federal Open Market Committee meeting yesterday. There really weren’t any surprises. The minutes emphasized the central bank will exercise “patience” in […]

The Pause Is on and Now the Mainstream Is Starting to Talk Interest Rate Cuts

Right after the last Federal Reserve Open Market Committee meeting, Peter Schiff said the “Powell Pause” won’t be enough to save the stock market and head off a recession. He said ultimately, the central bank would have to cut interest rates and launch another round of quantitative easing. Well, it seems the mainstream is starting […]

Fed Considering Using Quantitative Easing “More Readily”

Once upon a time, quantitative easing was considered an “extreme measure.” But it may become more commonplace. According to a Reuters report, central bankers in the US are discussing whether they should turn to that “tool” more often. In other words, the Fed may make the “extreme” the norm.

That Moment Janet Yellen Sounds Just a Little Bit Like Peter Schiff

All of a sudden, former Federal Reserve chair Janet Yellen sounds a little bit like Peter Schiff. During an interview on CNBC,  Yellen conceded that the next Fed move could be an interest rate cut. Of course, it’s possible. If global growth really weakens and that spills over to the United States where financial conditions tighten […]

Monetary Drug Pushers Have Created a World of Corporate Debt Junkies

After Jerome Powell indicated that the Federal Reserve tightening cycle was on pause during last week’s FOMC meeting, Peter Schiff said, “The monetary drug pushers at the Federal Reserve gave the addicts on Wall Street exactly the fix that they had been craving.” Peter often compares the markets to drug addicts. They are addicted to […]

Peter Schiff: This Is the Beginning of the End (Video)

During his keynote speech at the Vancouver Resource Investment Conference, Peter Schiff said we are at the beginning of the end. The Fed appears to have paused interest rate hikes in order to save the stock market. The markets have reacted positively and a lot of analysts seem to think we’re out of the wood. […]

Peter Schiff: The Powell Pause Won’t Be Enough

The Federal Reserve Open Market Committee met yesterday and held interest rates steady in the 2.25-2.50% range. This wasn’t really a surprise. More significantly, Fed Chair Jerome Powell kept up the dovish rhetoric, saying, “The case for rate increases has diminished. I would need to see a reason for further rate hikes that would have […]