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This is part 1 of 2 of the full interview. Stay tuned for part 2 on the future of cryptos.
Peter Schiff, Chief Market Strategist at Euro Pacific Capital and Host of the Peter Schiff Show, discusses the latest inflation data, whether the Inflation Reduction Act will reduce inflation, and why the Fed will be forced to pivot. He spoke with David Lin, Anchor and Producer at Kitco News.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Peter Schiff on Twitter: @PeterSchiff (https://twitter.com/PeterSchiff)
0:00 – Inflation news
2:52 – Inflation forecasts
6:54 – Jobs and unemployment
10:34 – Tradeoff between growth and inflation
15:41 – Inflation Reduction Act
18:54 – Stock market rally?
22:06 – ‘Zombie companies’
24:53 – Investment implications
27:20 – U.S. dollar crisis
#inflation #jobs #dollar
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