Fed’s Open Mouth Operations Having Complications – Ep. 54

The Peter Schiff Show

  • Two days of bad economic news this shortened week
  • The Fed still says the economy is recovering
  • Recent FOMC minutes maintains pretense they can raise interest rates
  • FOMC members are worried about raising rates “too soon”
  • The Fed is worried about how to remove the word “patient” from communications
  • How confident can the Fed be in the “recovery” if they still fear raising interest rates?
  • The “recovery” was just a bubble masquerading as a recovery
  • If we had a real recovery the Fed could have already raised rates
  • They are now concerned about weakness overseas
  • They are worried about a strong dollar
  • They expressed concerns about the risks of lower oil prices
  • Low inflation causes concerns
  • The Fed is clearly paying attention to the negative economic news
  • Empire State Manufacturing down
  • Home Builder Confidence at 4-month low
  • Industrial production weak
  • PPI number declined .8
  • Eventually the economic numbers will force the Fed to acknowledge weakness and resume stimulus

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.



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