Peter Schiff Warns $39.8 Trillion US Debt Is Trapping Fed in Rate-Hike Dilemma: ‘The More Important It Becomes to Raise Rates’
Peter Schiff warns of $39.8 trillion US debt and inflation risk, as Fed faces dilemma of containing inflation while managing borrowing costs.
The U.S. government owes a huge amount of money, which makes it tricky for the Federal Reserve (the bank that controls interest rates) to fight high prices without making borrowing more expensive. When thinking about stocks or the market, watch whether the Fed chooses to raise rates—that choice affects how companies and people spend money.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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