Peter Schiff: Powell Admits Fed has No Plan for Stagflation

In recent remarks, Federal Reserve Chairman Jerome Powell has candidly admitted that the central bank lacks a definitive strategy to tackle stagflation—a term that sends shivers down the spine of economists and policymakers alike. As fears of stagnant growth coupled with inflation loom large, the financial markets have reacted in its own unpredictable way: rallying on the back of Donald Trump’s return to the political limelight. But is this exuberance justified, or are we merely kicking the can down the road as underlying economic challenges fester? With Donald Trump’s potential re-election stirring hope among traders, the stock market has seen…