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Peter’s Blog

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Posts Tagged: “Jerome Powell

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February 18, 2021Guest Commentaries

Jerome Powell Says We Must Sacrifice – But for What?

Last week, Federal Reserve Chairman Jerome Powell called for a “society-wide” commitment to reaching full employment. As Peter Schiff put it, Powell basically handed the US government a blank check in order to achieve this “maximum employment goal.” We’re told we shouldn’t even worry about the massive deficit spending and additional debt this will incur. […]

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January 28, 2021Peter's Podcast

Peter Schiff: Jerome Powell Is Completely Clueless

The Federal Reserve played the same tune during its first Open Market Committee meeting of the year, but the partygoers on Wall Street didn’t dance. In his podcast, Peter Schiff talked about Jerome Powell’s post-meeting press conference and said the Fed chair is “completely clueless” to the true nature of the problems facing the economy. […]

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May 20, 2020Guest Commentaries

Why Should We Care About Negative Interest Rates?

Are negative interest rates in our future? Jerome Powell says absolutely not. But Jerome Powell also once said balance sheet reduction was on autopilot and that the Federal Reserve wasn’t going to cut interest rates. What the Fed chair says today doesn’t necessarily line up with what the Fed chair does tomorrow. In fact, the […]

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