The Federal Reserve Is Even More Dovish Now

If you read the entire statement, the Federal Reserve is more dovish now than it was before. The Federal Reserve is more concerned about the U.S. Economy today than it was when the word patient was still there.

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

The U.S. Economy Is Rapidly Decelerating

The U.S. Economy is rapidly decelerating, I think without QE4 we will be back in recession. Now the Federal Reserve should allow that recession, it is going to be horrible, there is going to be a worse financial crisis than in 2008 but they will not do it. They will go back to the well and launch QE4, another question is, will they be able to bluff their way to QE5.

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

U.S. Debt: Why The Federal Reserve Needs To Keep Rates Low

We don`t want to admit that we are insolvent so we have to raise the debt ceiling, so that we can continue to pretend that we can afford to pay the debt back, when it is impossible. In fact the debt is now so large, not only can`t we afford to repay it, we can`t even afford to service it if we have to pay a market rate of interest, which is why the Federal Reserve has to keep interest rates as low as possible for as long as possible.

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