Bitcoin Critic Peter Schiff Warns Over Increasing US Inflation

Quick Summary:

Bostic noted that the US economy might soon be in a position to support a rate cut, following efforts to control inflation.

According to Peter Schiff, the inflationary pressures are not a result of current administration’s fiscal policies alone but a culmination of policies that have been in place for a while now.

He referred to Larry Kudlow, former Director of the National Economic Council under Trump, for attributing inflation solely to Biden.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaUnited States

Topics: 24/7 Cryptocurrency News Peter Schiff US Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-17 @ 22:55:34 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 506 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22119819

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