Peter Schiff – Twitter, Released on 1/11/22
The #Fed's plan to fight 7% #inflation is to gradually raise interest rates to 2% by the end of 2023. But interest rates ended 2018 at 2.5%, with inflation at 1.9%. How can 2% be the appropriate rate to fight inflation when rates were higher when there was no inflation to fight?
— Peter Schiff (@PeterSchiff) January 11, 2022