CPI - Peter Schiff Slams Federal Reserve Jerome Powell For Double Standards On Inflation | Benzinga
Economist Peter Schiff slammed Federal Reserve Chair Jerome Powell’s recent comments about the central bank’s inflation policy, pointing out a perceived inconsistency in the application.
What Happened: Schiff took to X, formerly Twitter, to express his views on the Fed’s inflation policy following a recent announcement by Powell. In his tweet dated Wednesday, Schiff contended that despite years of inflation exceeding 2%, the Fed would not accept any years where it falls beneath that figure.
#Powell claimed that if #inflation falls below 2% that the #Fed would have to do something about it. In other words, despite several years of inflation well above 2%, the Fed won't tolerate any years where it's below 2%. So much for the policy of inflation averaging 2% over time. — Peter Schiff (@PeterSchiff) February 1, 2024
The economist’s critique follows Powell’s recent statement that the Federal ...