Why would they want to take a chance of raising interest rates today knowing, (A) how weak the data is, (B) knowing that the markets could tank as a result of that rate hike. That is the last thing they want. Then what are they going to do? How are they going to reverse the decline?
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 21, 2016
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