Peter Schiff: Trump's plan to appoint a pro-low interest rate Fed chair may backfire
According to Odaily, economist and cryptocurrency critic Peter Schiff posted on X, stating that Trump said he would appoint a new Federal Reserve chairman who believes in low interest rates, and claimed that this move would lower mortgage rates for Americans. He also noted that such an inappropriate rate cut under consideration could have negative effects, not only exacerbating inflation but also pushing mortgage rates higher.
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