The Federal Reserve Will Have To Do QE4 Regardless

The Federal Reserve will have to do QE4 regardless. Even if they get interest rates to 0.50% and then the next recession starts. There is not a lot of ammunition. Normally when there is a recession the Fed is at 5.00%, they have a long way to reduce interest rates. Going from 5.00% to zero is a much bigger Keynesian stimulus than going from 0.50% to zero.

I think if they raise interest rates and then they have to go to zero they will look like fools.

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Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.