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

Economist Peter Schiff has stated he disagrees with U.S. President Trump’s concept that reducing rates of interest would assist the U.S. shift to a manufacturing-based financial system. Schiff: Reducing Curiosity Charges Counterproductive Economist Peter Schiff has panned the concept supported by then-U.S. President Donald Trump that reducing rates of interest might assist America transition from an import-dependent financial system […]



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