Federal Reserve: If They Raise Rates They Will Prick The Bubble

What the Federal Reserve is trying to accomplish is to pretend that its monetary policy has worked and that we have a legitimate recovery so they can actually raise interest rates when i fact they can`t do that because we do not have a real recovery. They have inflated a gigantic bubble and if they raise interest rates they will prick that bubble.

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

Yellen: I Need To See Further Improvements Before Raising Rates

Yellen said, I need to see further improvements in the labor market before we begin to raise interest rates. Before we begin the first interest rate hike. In order for that to happen Janet Yellen is going to have to see more improvement in the labor market. If she really was planning on raising rates in September, that is in 3 months, how much improvement in the labor market does Janet Yellen really believe is going to occur in the next 3 months? I can`t imagine very much.

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

Yellen: If The Economy Is Not As Strong As We Think...

Janet Yellen said in the Q&A that if the economy is not as strong as we think, then the interest rate hikes will have to come later, and they will have to be even less than we planned.

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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.