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Schiff Criticizes Trump’s Rate Cut Idea, Says Transition to Manufacturing Economy Requires Higher Rates

Economist Peter Schiff has said he disagrees with U.S. President Trump’s idea that lowering interest rates would help the U.S. shift to a manufacturing-based economy. Schiff: Lowering Interest Rates Counterproductive…

Continue ReadingSchiff Criticizes Trump’s Rate Cut Idea, Says Transition to Manufacturing Economy Requires Higher Rates

Elizabeth Warren: ‘If Chairman Powell Can Be Fired, It Will Crash the Markets’

Democratic Senator Elizabeth Warren of Massachusetts is once again alarmed by the Federal Reserve’s trajectory, and warned on CNBC that U.S. markets would “crash” if President Donald Trump were allowed…

Continue ReadingElizabeth Warren: ‘If Chairman Powell Can Be Fired, It Will Crash the Markets’