Peter Schiff Levels Criticism at FED Chairman Powell Over Lack of Transparency & Inflation Modeling
The Federal Reserve may either be refusing to model high-interest rates. Or may just be refusing to disclose the results of similar fiscal modeling when factoring in high-interest rate.
Peter Schiff asserts that Chairman Powell was asked by a Senator (Unnamed by Schiff) if the impact of high-interest rates was factored into FED policy.
Schiff claims that Chairman Powell said, "No".
According to Peter Schiff:
The Federal Reserve may either be refusing to model high-interest rates. Or may just be refusing to disclose the results of similar fiscal modeling when factoring in high-interest rates.