Inflation Data Sparks Biggest Market Crash Since Covid Lockdowns – Ep 840
The Peter Schiff Show Podcast
00:00
The Fed Is Driving Up Inflation by Raising Interest Rates Too Much
The cost of paying the interest on the national debt is going to be surging by hundreds of billions of dollars a year, as will the debt itself. The fed is still maintaining a highly accommodative monetary policy with severely negative interest rates in the face of rising inflation. And that's one of the reasons that i'm convinced that despite the fact that inflation is not going to come anywhere near two %, the fet is in fact, going to pivot and it's going to fuel that inflation fire when it hasn't even bigger fire before.
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