Gold advocate Peter Schiff is urging the Federal Reserve to raise interest rates rather than cut them

On August 18, according to News.bitcoin, economist and gold advocate Peter Schiff suggested that the Federal Reserve raise interest rates rather than cut them, even if it would lead to a market crash. He acknowledged that such an approach could lead to a stock market and real estate crash, leading to a hard landing and triggering a recession, highlighting the potential severity of the consequences for these markets.
Economist and gold advocate Peter Schiff recently took to his podcast and social media platform X to express his views on the U.S. economy, Federal Reserve policy, a market rally, and the possibility of an imminent rate cut. Peter Schiff pointed out that decades of Fed policy have made a recession inevitable. He suggested that the Fed should not cut interest rates, but raise them, even if it triggers a market crash, which he sees as a "necessary crash" to correct the economy.