Peter Schiff: Powell Fiddles While Inflation Burns

As inflation continues to stubbornly resist taming, the price of gold has reached record highs, with silver following closely behind. While some might see this as a cause for celebration, veteran economist Peter Schiff paints a stark picture of an economy plagued by persistent inflation, a Federal Reserve seemingly out of touch, and a market bracing for a potentially turbulent future. Schiff, a long-time critic of the Fed’s monetary policy, didn’t mince words following the latest Consumer Price Index (CPI) report, which exceeded expectations and ignited renewed inflation concerns. His primary concern lies with what he perceives as the Fed’s…