Peter Schiff Criticizes Trump's Proposed Federal Reserve Appointment

According to Odaily, economist and cryptocurrency critic Peter Schiff posted on platform X, expressing concerns over U.S. President Donald Trump's statement about appointing a new Federal Reserve chair who supports low interest rates. Schiff argues that this move could potentially lower mortgage rates for Americans. However, he warns that such inappropriate rate cuts might have adverse effects, including exacerbating inflation and ultimately increasing mortgage rates.