The Peter Schiff Show Podcast Trump Calls Powell Too Dumb for “Easiest Job” - Ep 1033
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Jul 21, 2025 Trump's criticisms of Jerome Powell take center stage as the complexities of economic policies unfold. The discussion navigates the historical context of interest rates and inflation while challenging Trump’s past stances. Listeners are urged to consider the Fed’s monetary policies and the political pressures it faces. Furthermore, the podcast grapples with issues of financial accountability in government spending and raises provocative questions about the voting age and the legitimacy of cryptocurrencies. It's a deep dive into the financial realities shaping today's economy.
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Trump's Misguided Critique of Powell
- Trump criticizes Fed Chair Jerome Powell for not cutting rates, calling the job "the easiest job in the world."
- Peter Schiff argues Powell is actually too loose and raised rates too late and too little to control inflation.
Interest Rate History Matters
- Historical context shows 1% interest rates were set during recessions and crises, not during strong economies.
- Current rates near 4.5% are historically low, not "sky high" as some claim.
Trump's Hypocrisy on Fed Criticism
- Trump criticized Yellen for low rates but now demands Powell cut rates, revealing hypocrisy.
- Schiff says Trump uses Powell as a scapegoat and won't actually want him fired.