The Federal Reserve, often lauded as the guardian of the US economy, finds itself under intense scrutiny following its recent decision to pause interest rate cuts. This move, seemingly at odds with some economic indicators, has reignited a debate about the Fed’s actual dependence on data, particularly when it comes to the thorny issue of inflation. This is where economist and market commentator Peter Schiff steps in, offering a critical perspective on the Fed’s actions, its messaging, and its potential missteps. Schiff’s central argument revolves around the Fed’s apparent disconnect between its stated reliance on data and its actual policy…
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