The Federal is supposedly on the path to tighter monetary policy, although it is currently still pouring gas on the inflation fire. The central bank says it is tapering its asset purchases even now, and will eventually begin shrinking its balance sheet. It also plans to raise interest rates.
Peter Schiff has been saying the Fed can’t do what it claims it’s going to do. Economist André Marques agrees. He says the Fed is trapped. It doesn’t really have room to raise rates or taper.
Peter Schiff recently spoke at the January 2022 Virtual MoneyShow. He talked about the impacts of inflation and said stagflation is going to shock the markets.
The Fed is talking taper. But it seems to be having a hard time actually tapering. The central bank added another $100 billion to its balance sheet in January.
The Federal Reserve held its first FOMC meeting of 2022. The central bank didn’t do anything, but the tone coming out of the meeting was widely perceived as even more “hawkish.” Everybody is convinced the Fed really means it now. The inflation fight is on. Is it though? Host Mike Maharrey talks about the messaging and perceptions coming out of this meeting and calls it a big flim-flam.
The Federal Reserve wrapped up its first Federal Open Market Committee meeting of the year yesterday without any real surprises. Despite everybody screaming about an inflation problem, the Fed will keep its loose, inflationary monetary policy in play for at least two more months.
Peter Schiff was a guest on the Wharton Business Daily podcast produced by the Wharton School of Business at the University of Pennsylvania. Peter talked about inflation and how it will impact the US economy moving forward. He said ultimately, we’re heading toward stagflation.
The Federal Reserve is talking about raising interest rates. But the US economy is buried under piles of debt. I’ve been asking how this is going to work for months. Apparently, the question has finally occurred to the mainstream.
A CNBC article declared, “Fed rate hikes will intensify a global debt crisis, research warns.”
Last week, the Federal Reserve released a “discussion paper” examing the pros and cons of a potential US central bank digital dollar. According to the Federal Reserve press release, the central bank hopes to get public feedback on the idea.
“We look forward to engaging with the public, elected representatives, and a broad range of stakeholders as we examine the positives and negatives of a central bank digital currency in the United States,” Federal Reserve Chair Jerome H. Powell said.
It appears talk of less loose monetary policy has pricked the bubble. Peter Schiff talked about it in a recent podcast.
We’ve seen a significant rotation out of the overpriced, high-risk momentum stocks that enjoyed the benefit of the bubble. They are now collapsing – not because the Fed has actually tightened monetary policy, but just because it talked about it.
It is often said that perception is reality. Politicians spend a tremendous amount of time and energy trying to shape perceptions. So, how does the average American perceive the US economy? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about economic perceptions – both those the politicians are trying to create and those actually held by American consumers.
