Fox Business: Top Economist Warns America is Heading Toward Economic Disaster the Fed Can't Fix
Article by Aislinn Murphy in Fox Business
Euro Pacific Asset Management Chief Economist Peter Schiff voiced some criticism of the Federal Reserve and sounded the alarm about the economy during an appearance Wednesday on "The Claman Countdown."
Schiff’s comments on the show came not long after the Federal Open Markets Committee (FOMC) wrapped up its latest meeting in the afternoon, electing to keep the central bank’s benchmark interest rate at its current level. Federal Reserve Chain Jerome Powell subsequently gave remarks to the media about the decision.
Schiff told host Liz Claman the "biggest takeaway is that Powell basically admitted that they have no idea what’s going to happen."
"They don’t really know what’s going to happen to consumer prices. They don’t know what’s going to happen to employment," Schiff argued. "I don’t even think their forecasts are educated guesses so much as ......