Fed ADMITS They're TOTALLY WRONG About Inflation
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 19 March 2026
⏱️ 63 minutes
🧾️ Download transcript
Summary
The Fed just admitted inflation is spiraling out of control while refusing to do the one thing that actually works—raise rates—and Powell is banking on hope and fantasy to save the economy, but here's why today's gold selloff is the buying opportunity of a lifetime.
- This episode is sponsored by InvestingPRO. Get 55% o𝗳𝗳 + a𝗻 𝗘𝗫𝗧𝗥𝗔 𝟭𝟱% off with my code PETERSCHIFF at checkout! https://www.investing-referral.com/peterschiff/
- This episode is also sponsored by ExpressVPN. Get an extra 4 months free. https://expressvpn.com/gold
Peter Schiff analyzes the Federal Reserve's decision to hold rates steady at 3.5-3.75% while warning that inflation is spiraling out of control. February's Producer Price Index surged 0.7% monthly - more than double expectations - signaling that inflation is accelerating before Trump's war even began driving oil prices higher. Despite this alarming data, the Fed refuses to hike rates and instead clings to fantasies about future rate cuts based on wishful thinking rather than evidence. Schiff argues that gold and silver's massive selloff following the inflation news represents a buying opportunity, as traders fail to understand that rising inflation with stagnant Fed policy creates negative real rates - extremely bullish for precious metals.
The episode exposes how the current economic situation is far worse than the 1970s stagflation, with national debt at 125% of GDP compared to just 34% in 1980, making aggressive rate hikes impossible despite inflation running well above the Fed's 2% target. Schiff predicts the national debt could hit $50 trillion during Trump's term as war spending explodes, while the housing bubble shows signs of collapse with mortgage applications plummeting. He dismisses Fed Chair Powell's claims that inflation will magically return to target through "moderate" policy, calling it delusional given that the Fed has been wrong about inflation for five consecutive years while consistently missing their forecasts.
Chapters:
00:00 Show Intro and Fed Preview
01:21 Weak Growth and Rising Inflation
05:43 Hot PPI Shocks Gold Markets
16:01 Housing Bubble and GSE Risks
22:12 FOMC Decision and Market Fallout
32:07 Fed Blames Tariffs
33:30 Cuts Based on Faith
36:36 Oil Shocks and Easy Policy
44:05 Stagflation and Debt Trap
56:36 Powell Probe and Gold
Follow @peterschiff
X: https://twitter.com/peterschiff
Instagram: https://instagram.com/peterschiff
TikTok: https://tiktok.com/@peterschiffofficial
Facebook: https://facebook.com/peterschiff
Free Reports & Market Updates: https://www.europac.com
Book Store: https://schiffradio.com/books
Sign up for Peter's most valuable insights at https://schiffsovereign.com
Schiff Gold News: https://www.schiffgold.com/news
#InflationAlert #FedPolicy #GoldInvesting
Our Sponsors:
* Check out Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me
* Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com
* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com
* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai
* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com
* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com
* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com
Privacy & Opt-Out: https://redcircle.com/privacy
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You make no friends in the pits and you take no prisoners. |
| 0:05.2 | One minute, you're up half a million in soybeans and the next boom. |
| 0:07.6 | Your kids don't go to college and they've repossessed your Bentley. |
| 0:09.5 | Are you with me? |
| 0:10.2 | The revolution starts now. |
| 0:12.5 | Starts now. |
| 0:14.0 | We have to pass the bill so that you can find out what is in it. |
| 0:18.1 | Turn those machines back on. |
| 0:20.5 | You are about to enter The Peter Schiff's show. |
| 0:24.0 | Show. |
| 0:25.9 | If we lose freedom here, there's no place to escape to. |
| 0:28.5 | This is the last stand on Earth. |
| 0:29.8 | The Peter Schiff Show is on. |
| 0:31.8 | I don't know when they decided that they wanted to make a virtue out of selfishness. |
| 0:35.7 | Your money. |
| 0:36.8 | Your stories. Your stories. |
| 0:37.9 | Your freedom. |
| 0:39.0 | The Peter Ships Show. |
| 1:00.9 | Well, earlier today, the Federal Reserve did exactly what everybody expected them to do, |
| 1:02.4 | including yours truly. |
| 1:06.1 | And that was leave interest rates unchanged. |
| 1:13.8 | The Fed funds rate remains at three and a half to three and three quarters. Of course, the right thing to have done would have been a substantial rate hike, but of course, that did not happen. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Peter Schiff, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Peter Schiff and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

