Peter's Blog

The Fed Takes a Weak Swing at Inflation

The Federal Reserve came through with the second rate hike of this tightening cycle, bumping up the Fed Funds rate by 0.5%. It was the biggest interest rate boost by the Fed since 2000. But given the extent of the inflation fight, this hardly seems like a bold, aggressive move. In fact, it was a […]

Peter Schiff: The Fed Can’t Do What It’s Saying It Will Do

The Fed FOMC minutes came out last week, signaling tighter monetary policy. Peter Schiff talked about the minutes in his podcast, arguing that the Fed can’t do what it says it’s going to do. If it does, it will crash the markets and the economy. And it won’t lower inflation.

Peter Schiff: The Real National Emergency Isn’t At the Border – It’s the Debt

On Friday. Pres. Trump declared a national emergency. Based on that declaration, the president will reallocate $6.5 billion from other government programs to fund a border wall. In his podcast on Friday, Peter Schiff said there is indeed a national emergency, but it has nothing to do with the border. Of course, the real national emergency […]

Jim Grant Talks About the End of Balance Sheet Reduction and Negative Interest Rates (Video)

In a recent interview with CNBC’s Rick Santelli, investment guru Jim Grant talked about the Fed’s sudden about-face when it comes to its balance sheet reduction program, as well as the phenomenon of negative interest rates. In short, Grant said the central banks have done us “no favors.”

Peter Schiff: Fed Capitulation Is Just the First Piece of the Puzzle

Stocks got a boost on Friday and gold rose 1.8% on further signs that the Federal Reserve is capitulating. An article in the Wall Street Journal basically confirmed the Fed is now thinking about winding down its quantitative tightening program. As a CNBC headline put it, “The Fed may be moving closer to ending its […]

The Fed Balance Sheet – It’s Not Going to Shrink

The Federal Reserve Open Market Committee will meet this week. There is virtually no expectation of a rate hike this time around, but there is widespread anticipation that the Fed will outline its strategy for shrinking its massive balance sheet. In his most recent podcast, Peter Schiff made a pretty good case that the Fed […]