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Tuesday, June 4, 2019

Peter Schiff: Rate Cuts Will Stimulate Stagflation Not The Economy

Peter Schiff
Fox Business Network

"One of the reasons the bond market has really rallied and yields have come down is because traders are anticipating that the Fed is going to cut rates in the next recession.

They're right. But they're wrong on the outcome. We are going to have stagflation. It's inflation that's going to be the problem, and the economy is headed into recession. But the Fed should not be cutting rates because it's stoking the inflation fire."