Powell Gets Democrats’ Memo to Redefine Recession – Ep 829

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 28 July 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· Fed meets market expectations with 75 basis point rate hike.
· Jerome Powell sidesteps recession questions.
· Walmart confirms consumer weakness.
· Gold may have found a bottom.
· Gold miners rally.
· Any rally in Bitcoin is a selling opportunity.

Businesses only pay for quality applications matching the sponsored job description. Visit https://indeed.com/peter to start hiring now. Terms and conditions apply.

Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member.

Invest like me: https://schiffradio.com/invest

RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/

SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/
Schiff Gold News: http://www.SchiffGold.com/news
Buy my newest book at http://www.tinyurl.com/RealCrash

Follow me on Facebook: http://www.Facebook.com/PeterSchiff
Follow me on Twitter: http://www.Twitter.com/PeterSchiff
Follow me on Instagram: https://Instagram.com/PeterSchiff Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

Click on a timestamp to play from that location

0:00.0	Today's podcast was recorded yesterday.
0:02.4	If you want to listen to my podcast commercial free,
0:05.7	the day I record them, go to petershift.locals.com and sign up.
0:10.2	It only costs $5 a month.
0:12.2	The petership show.
0:17.2	Today's podcast is sponsored by Indeed.
0:23.7	Indeed makes it easy to connect with your applicants.
0:26.5	Indeed is the hiring platform where you can attract,
0:29.2	interview and hire all in one place.
0:31.9	Indeed is doing something no other job site has done.
0:34.9	Now with Indeed, businesses only pay for quality applications,
0:38.7	matching the sponsor job description.
0:40.9	So visit Indeed.com slash Peter to start hiring right now.
0:45.5	Today the Fed Reserve announced its decision to raise interest rates
0:50.0	by 75 basis points.
0:52.3	The Fed funds range now from 2 and a quarter to 2 and a half.
0:57.4	The 75 basis point rate hike is exactly what the markets were expecting,
1:03.1	which is why the Fed delivered a unanimous 75 basis point rate hike
1:08.9	because the Fed doesn't like to risk disappointing the markets
1:13.2	with some type of surprise.
1:15.2	So it played it safe and did exactly what the markets expected.
1:19.2	In fact, it played it ultra safe by being unanimous.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.