US Fed ‘unable to delay’ recession any longer – investor Peter Schiff ...News

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US Fed ‘unable to delay’ recession any longer – investor Peter Schiff
source : Russia Today ( News ) () 22
There is no question the US economy is heading toward recession, according to Peter Schiff, chief global strategist at Euro Pacific Capital. He says it was a “huge mistake” for the Federal Reserve to cut interest rates last month. “They never should have taken rates to zero in 2008 and held them there for 7 years,” the veteran broker told RT. “Zero interest rates and quantitative easing have created problems in our economy that will take generations to fix. However, the healing will never get underway if the Fed goes right back to zero (which is where they are headed).” According to Schiff, it’s impossible to build a viable economy on

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