The Peter Schiff Show Podcast Fed Ignores Data It Claims to Depend On - Ep 1006
Jan 30, 2025
The Federal Reserve's recent pause on rate cuts sparks a heated discussion about its economic implications. Attention turns to Chair Powell's ambiguous statements on inflation and the Fed's accountability. Trump’s demand for rate cuts linked to oil prices raises eyebrows. Peter critiques current tariffs and their historical context, questioning their impact on economic growth. Cryptocurrency regulations also come under scrutiny, as Peter shares insights on the complexities faced by investors. The episode wraps up with a look at persistent inflationary pressures and the Fed's role in the unfolding economic scenario.
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Fed Pauses Rate Cuts
- The Fed paused rate cuts, leaving the Fed funds rate at 4.25-4.5%.
- Markets reacted to subtle language tweaks in the Fed's official statement, especially the removal of phrases suggesting progress on the 2% inflation goal.
Trump, Powell, and Liesman
- Peter Schiff discusses CNBC's Steve Liesman's question to Powell about Trump's demands for rate cuts.
- Schiff analyzes the fairness of the question and Powell's response.
Fed's Silence on Policy
- Peter Schiff criticizes the Fed's silence on potentially harmful economic policies.
- He argues the Fed has a duty to speak up if policies complicate their mandate or are inflationary.