​Schiff: Powell Can’t Address Stagflation – Tyler Durden

Schiff: Powell Can’t Address Stagflation Via SchiffGold.com, Peter caps off a very newsworthy week, in which the decisive Trump victory shocked the media class and another Fed rate cut was announced. Peter analyzes both events, arguing against the unbridled economic optimism of Trump’s supporters and criticizing Jerome Powell’s stance on Fed independence and his alarming lack of concern for a future of stagflation. Peter starts by highlighting the inconvenient trade-off between taxes and government spending. Trump promises new tax cuts, but these will need to be offset by spending cuts, lest the national debt balloons even further out of control: Trump would have…  — Continue at ZeroHedge News : Read More