US ‘on autopilot to inflation’ thanks to Fed’s constant money printing, Peter Schiff tells Boom Bust ...News

The US Federal Reserve believes that the country’s economic recovery could spur temporary inflation, promising that it has tools to deal with it if it goes beyond the desired threshold. RT’s Boom Bust discussed the aftermath of such a loose monetary policy with economist Peter Schiff. He believes that the US economy is still too weak, and inflation is actually “masquerading” as the recovery. “All we’re doing is spending the money that the Federal Reserve prints, but that money-printing, that is inflation. And that’s what’s driving the appearance of the economic growth,” he said during the latest show.

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