Peter Schiff Warns $39.8 Trillion US Debt Is Trapping Fed in Rate-Hike Dilemma: ‘The More Important It Becomes to Raise Rates’

Economist Peter Schiff warned that America’s mounting national debt could leave the Federal Reserve caught between keeping interest rates high enough to contain inflation and keeping borrowing costs manageable. On Saturday, Schiff said in a post on X that the U.S. national debt has climbed above $39.835 trillion, arguing that the growing debt...