schiffgold.com / BY SCHIFFGOLD / FEBRUARY 22, 2017
Peter Schiff recently appeared on CNBC’s “Future’s Now” letting millions of American voters know that if they’re frustrated with Trump, they should blame the Federal Reserve. “If the economy was in good shape, not only would he have not been elected, he wouldn’t have been the Republican nominee.”
Peter explained why Fed Chairwoman Janet Yellen is reluctant to raise interest rates because of the fallout from removing cheap borrowing from investors and consumers. “What was inappropriate was slashing rates in the first place. It was inappropriate to leave them as low as they were as long as they were. [Yellen’s] afraid of the consequences when she tries to remove this unprecedented accommodation.”
The post Voters Should Blame the Fed for Trump’s Rise to Power appeared first on Silver For The People.