Peter Schiff – YouTube, Released on 1/29/25
Peter Schiff discusses the Federal Reserve’s decision to pause rate cuts and its implications for the economy. He scrutinizes changes in the Fed’s language on inflation and the market’s reactions. Peter questions Fed Chairman Jerome Powell’s comments and the Fed’s accountability on inflation. He addresses President Trump’s demands regarding rate cuts tied to oil prices, criticizes the Fed’s stance on tariffs and policy impact, and highlights concerning economic data such as the merchandise trade deficit. Peter explores the historical context of tariffs, their impact on economic growth, and the potential consequences of current trade policies. He closes by emphasizing the persistent issues with the Fed’s monetary policy and the inflationary pressures facing the economy.
00:00 Fed Reserve’s Rate Pause Announcement
01:59 Market Reactions and Powell’s Clarifications
05:20 Trump’s Influence and Fed’s Response
07:37 Fed’s Stance on Tariffs and Policy Impact
11:16 Monetary Policy and Inflation Concerns
15:39 Powell’s Q&A Session Highlights
23:38 Crypto and Banking Regulations
28:45 Bitcoin and Wealth Effect
30:42 Economic Data and Trade Deficit
33:58 Impact of Tariffs on Economy
42:18 Historical Perspective on Tariffs
54:20 Conclusion and Market Updates
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.