On August 18, according to News.bitcoin, economist and gold advocate Peter Schiff suggested that the Federal Reserve raise interest rates rather than cut them, even if it would lead to a market crash. He acknowledged that such an approach could lead to a stock market and real estate crash, leading to a hard landing and triggering a recession, highlighting the potential severity of the consequences for these markets.
Economist and gold advocate Peter Schiff recently took to his podcast and social media platform X to express his views on the U.S. economy, Federal Reserve policy, a market rally, and the possibility of an imminent rate cut. Peter Schiff pointed out that decades of Fed policy have made a recession inevitable. He suggested that the Fed should not cut interest rates, but raise them, even if it triggers a market crash, which he sees as a "necessary crash" to correct the economy.
Gold advocate Peter Schiff is urging the Federal Reserve to raise interest rates rather than cut them
2024-08-18 00:55:54
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