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A Dove in Hawk’s Clothing – Ep. 49

The Peter Schiff Show

  • Fed’s official statement released yesterday
  • Received by the market as hawkish, Fed is still reiterates “patience”
  • The statement noted unguarded optimism about the U.S. Economy
  • Fed ignored unstable markets, Europe, oil prices and strength of the dollar
  • Response: the market sold off and the dollar rallied
  • Gold declined on Fed’s expectations
  • The Fed’s underlying goal may be to talk the dollar up and talk the markets down
  • Strong dollar buys time
  • Continued “patience” indicates Fed’s true agenda