Peter Schiff: High inflation will make a comeback, and the Federal Reserve needs to raise interest rates significantly

Economist Peter Schiff warns that high inflation may make a comeback and that the Federal Reserve needs to take proactive action. He also criticizes JPMorgan Chase CEO Jamie Dimon for embellishing the severity of the US economic situation. However, he acknowledges that Jamie Dimon's views are "closer to right than most other Wall Street CEOs.".