The Peter Schiff Show Podcast Powell Gets His Mind Right - The Peter Schiff Show Ep 1038
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Aug 25, 2025 Jerome Powell’s speech signals a crucial shift at the Federal Reserve amid rising stagflation concerns. The political pressure influencing Powell's policies raises questions about the integrity of government decisions. As inflation challenges mount, the abandonment of the 2% target complicates future rate cuts. Meanwhile, Schiff highlights the outperformance of gold, silver, and foreign stocks over U.S. equities, underscoring the need for a reassessment of investment strategies in light of troubling government interventions.
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Powell's Jackson Hole Pivot
- Jerome Powell signaled a pivot toward rate cuts after a stark assessment of weakening growth and rising inflation.
- Peter Schiff interprets this as political capitulation to President Trump rather than a purely economic decision.
Cool Hand Luke Comparison
- Schiff compares Powell's concession to the "mind right" scene in Cool Hand Luke where authorities break a prisoner.
- He uses the analogy to claim Trump forced Powell to change his stance under pressure.
Stagflation Confirmed
- Powell said the economy is weaker now than a year ago while inflation is higher, which signals stagflation.
- Schiff argues this confirms stagflation under Trump with slower growth and stronger inflation.