Posts

Showing posts from August 22, 2023

Economist Peter Schiff Says Fed Policies Significantly Harm Economy — Warns of More Inflation

Image
Economist Peter Schiff has warned that the Federal Reserve has gotten its policies wrong for 20 years, which has “significantly harmed the economy and made dire consequences inevitable.” Emphasizing that the Fed cannot win its fight against inflation, he stressed: “The markets are confident that the Fed is going to pull this off. It’s not going to happen. The markets are completely wrong.” Peter Schiff Says ‘We’re Going to Have More Inflation’ Economist and gold bug Peter Schiff issued more warnings about the U.S. economy over the past week in a series of posts on the X platform and on the Peter Schiff Show. Emphasizing “how badly the Fed has screwed up monetary policy,” Schiff wrote Monday: Not only have they gotten it wrong for 20 years, but their policies have significantly harmed the economy and made dire consequences inevitable. He explained that many people are wrong in thinking that the Federal Reserve can beat inflation and guide the U.S. economy to a soft landing, asser

US Lawmaker Slams SEC’s ‘Reckless’ Rulemaking — Warns of ‘Lasting Economic Harm’

Image
A U.S. lawmaker has slammed the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, for “pursuing a reckless, rushed rulemaking agenda with inadequate economic analysis and limited public input.” He warned that “the adverse consequences in one sector can bleed over into another, causing lasting economic harm.” Gary Gensler’s SEC Faces Backlash for Rushed Rulemaking Congressman Frank Lucas (R-OK) has slammed the U.S. Securities and Exchange Commission (SEC) and its Chair Gary Gensler over the regulator’s reckless approach to rulemaking. The official account for Financial Services GOP wrote on the X platform Monday: Gary Gensler’s SEC is pursuing a reckless, rushed rulemaking agenda with inadequate economic analysis and limited public input — threatening to upend our capital markets. Rep. Frank Lucas is holding the SEC accountable to ensure our markets remain the envy of the world. As the longest-serving Republican on the House Financial Services Committee, Lu