Political Hypocrisy on Inflation Lets Fed Escape Blame – Ep 707
- Author
- Peter Schiff
- Published
- Fri 25 Jun 2021
- Episode Link
- https://schiffradio.com/government-cant-pay-its-bills-if-fed-admits-inflation-isnt-transitory/?utm_source=rss&utm_medium=rss&utm_campaign=government-cant-pay-its-bills-if-fed-admits-inflation-isnt-transitory
* Fed triples its estimated duration of transitory inflation.
* Republicans have no credibility to criticize government spending and money printing.
* Fed vows to make the rich richer and the poor poorer by focusing on employment rather than inflation.
* Jerome Powell refuses to acknowledge whether being paid more to not work discourages employment.
* Republicans won’t put blame on the Fed, because they benefit more from blaming the Democrats.
* Maxine Waters praises Jerome Powell on his irresponsible leadership.
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