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Wednesday, December 14, 2016

How Donald Trump's economic plans will lead the Fed to reverse course on policy

http://schiffblog.blogspot.com/2016/12/how-donald-trumps-economic-plans-will.html

Long-time Federal Reserve policy critic Peter Schiff has a new target, and it's none other than President-elect Donald Trump.

In a recent interview with CNBC's "Futures Now," the Euro Pacific Capital chief said that while themarkets have rallied since Trump's election victory, the very same economic issues that got him elected will be the exact same one's he'll find himself unable to solve.

As Schiff sees it, Trump pleased voters with his promise to cut taxes and increase spending in some key areas. However, his proposed policies will hurt the economy rather than make room for improvement.

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