The Peter Schiff Show Podcast Fed's Biggest Policy Mistake Yet - Ep 1042
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Sep 18, 2025 The discussion highlights the Federal Reserve's controversial recent rate cuts and their potential impact on inflation. Peter Schiff critiques Jerome Powell's statements, emphasizing risks to economic stability. The podcast delves into the ongoing housing affordability crisis and examines how tariffs contribute to rising prices. Schiff also questions the Fed's independence amid political pressures and the validity of its inflation targets. Tune in for insights that challenge mainstream economic narratives and shed light on significant monetary policy missteps.
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Fed Cuts Are About Expectations
- Jerome Powell said the quarter-point cut matters more for the expected trajectory than its size.
- Peter Schiff warns this locks the Fed into future cuts and risks market disruption if expectations miss.
Jobs Data Includes A Guess
- Powell admitted the birth-death model boosts headline job creation and is just a guess.
- Schiff says that admission undermines confidence in the reported strength of the labor market.
Tariffs Shift Prices Into U.S. Economy
- Powell acknowledged tariffs raise goods prices but not as much as expected so far.
- Schiff argues tariffs ultimately raise domestic prices because tariffs trap dollars domestically and exporters aren't absorbing costs.