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Tag Archives: Jerome Powell

Rate Cut! Tariff Hike! ShiffGold Friday Gold Wrap August 2, 2019

The Federal Reserve came through with its first interest rate cut in more than a decade this week. But with Jerome Powell trying desperately to convince everybody that this wasn’t the beginning of a long cutting cycle, the stock markets weren’t pleased. And neither was President Trump. So, he decided to put his own fingerprint on the markets, announcing new tariffs on Chinese products. In this week’s Friday Gold Wrap podcast, host Mike Maharrey breaks it all down and explains how it...

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Peter Schiff: First Rate Cut on the Road to Zero

The Federal Reserve cut interest rates for the first time in over a decade Wednesday. And Jerome Powell left the door open for future cuts.Peter Schiff broke it all down on his most recent podcast, saying this is the first interest rate cut on the short road to zero.During his press conference after the FOMC meeting, Fed Chairman Jerome Power tried to straddle the fence. In the process, he ended up mixing his messages.Powell called the 25 basis point cut a “mid-cycle...

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Peter Schiff: We’re Heading for Recession No Matter What the Fed Does With Rates

Jerome Powell took center stage last week and the Federal Reserve chair didn’t do anything to dampen expectations of a rate cut. His comments sent both stocks and gold higher.Peter Schiff recently appeared on RT Boom Bust with University of Amherst economics professor Richard Wolff to talk about the Fed and its impact on the markets. Pete said no matter what the Fed does, a recession is coming.Peter opened the interview saying the main reason the Fed is cutting rates is...

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Easy Street Is Paved With Gold: Schiff Gold Friday Gold Wrap July 12

Jerome Powell took center stage this week and the Federal Reserve chair didn’t do anything to dampen expectations of a rate cut. That sent both stocks and gold higher. The yellow metal pushed back above $1,400 after tanking in the wake of last Friday’s June jobs report and stocks swooned. Everybody seems to love Easy Street. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down what the Fed chair said and didn’t say. He also debunks the “there is no inflation”...

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Markets Poised to Crumble Like a Sandpile; Gold Could Hit $2,000 (Video)

The price of gold is up over 9.5% since the beginning of the year. One strategist who appeared on CNBC yesterday says he sees it going even higher – as high as $2,000 by the end of the year.David Roche heads London-based Independent Strategy. During an interview on CNBC’s Squawk Box, he said he sees bad things to come in the stock markets but gold will shine.I actually believe financial markets are now poised to crumble like a sand pile.”Roche said the Federal Reserve...

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And Just Like That… SchiffGold Friday Gold Wrap June 28, 2019

And just like that, gold was over $1,400. Just a couple of weeks ago, we were talking about how gold was struggling to crack through the key $1,300 level. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the main drivers behind the gold market right now, including the trade war and central bank mechanizations. He also covers some supply and demand fundamentals.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news...

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The Fed Is Out of Patience; Gold Breaks Out! SchiffGold Friday Gold Wrap June, 21, 2019

The Federal Reserve held its June Open Market Committee Meeting this week and it looks like Powell and company are fresh out of patience. In fact, that word didn’t come up once. And while the Fed held pat on interest rates, for now, virtually everybody is betting on a rate cut in the near future. This has caused gold to surge to prices not seen in nearly six years. Meanwhile, American consumers are still running up debt and the Chinese are shedding it. In this episode of the Friday Gold...

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Out of Patience! Fed Sets the Table for Rate Cuts

It looks they’ve run out of patience at the Eccles Building.The Federal Reserve Open Market Committee wrapped up its June meeting yesterday leaving interest rates unchanged. But the talk coming from the central bankers was decidedly dovish. Patience was not in the Fed’s vocabulary. Instead, Powell and company talked about “uncertainty” and said they would “act as appropriate to sustain the expansion.”As Peter Schiff said in his podcast, the table is now set for a rate cut in July.[embedded...

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Peter Schiff: The Fed Is Going to Stimulate Inflation, Not the Economy (Video)

In December, Peter Schiff predicted that the Federal Reserve was about to hike rates for the last time and that the next step would be rate cuts. Yesterday, Jerome Powell made comments widely interpreted to signal the rising likelihood of a rate cut. The Fed chair dropped the word “patient” from his vocabulary, saying the central bank would respond as “as appropriate” to the perceived economic impacts of tariffs and other economic data.Peter appeared on Fox Business Countdown to the...

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Stuck in Neutral: SchiffGold Friday Gold Wrap 05.03.19

The Federal Reserve FOMC met this week. When it was all said and done, the Fed did nothing. We’re stuck in neutral.As expected, there was no rate hike. Fed Chair Jerome Powell indicated that the central bank would likely maintain this neutral stance into the foreseeable future, staying patient, neither raising nor lowering rates. So, why in the world did markets react like the Fed just jacked up interest rates? On this episode of the Friday Gold Wrap, host Mike Maharrey talks about it. He...

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