Peter Schiff Calls Warsh's Anti-Inflation Stance a Bluff, Sees More QE and Rate Cuts Next Year
JH Kim
Summary
- Peter Schiff said Kevin Warsh's anti-inflation stance as Federal Reserve chair was "just a bluff."
- He said the Fed could expand quantitative easing (QE) next year and move to cut benchmark interest rates.
- Schiff said this outlook reflects his personal view on the future direction of the Fed's monetary policy and may differ from actual policy decisions.
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Peter Schiff called Kevin Warsh's stated commitment to curbing inflation a bluff and said the Federal Reserve could expand quantitative easing next year while cutting interest rates.
Cointelegraph reported on October 29 that Schiff dismissed Warsh's remarks on fighting inflation as "nothing more than a bluff."
Schiff said the Fed could increase quantitative easing next year and lower benchmark interest rates even if inflation continues to rise.
He added that the remarks reflect his personal view on the future direction of Fed monetary policy and may differ from the central bank's actual policy decisions.
JH Kim
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