Renowned economist Peter Schiff has expressed skepticism over Federal Reserve Chair Jerome Powell’s dismissal of stagflation concerns. What Happened: In a post on X, formerly Twitter, on Wednesday, Schiff criticized Powell’s inability to recognize the signs of stagflation. He compared this to previous Federal Reserve misstatements, such as underestimating the subprime crisis and inflation rates. He said, “He sees neither ‘stag’ nor ‘flation.’ This is the same type of blindness that lead to prevision #Fed misstatements like ‘subprime is contained’ and “inflation is transitory.’” The post came a…
