Trump And The Fed's Policies Will Spark 1970s-Style Inflation Shock, Says Peter Schiff: 'Average Americans Will Suffer'

Leading economists warn of a potential inflation shock reminiscent of the 1970s, driven by President Trump's policies and an anticipated interest rate cut by the Federal Reserve. Economist Peter Schiff predicts that average Americans will suffer more due to these inflationary pressures, while well-positioned investors may benefit. Macro strategist Jim Bianco cautions that the Fed may misinterpret labor market data, leading to rate cuts that could exacerbate inflation rather than boost employment. Daniel Altman suggests the Fed may cut rates as a trial, amidst concerns about financial conditions being too favorable for such actions.