Economist Peter Schiff has cautioned that the upcoming rate cuts by the Federal Reserve may not lower borrowing costs, according to a post on X on Monday. What Happened: Schiff, known for his skepticism towards Bitcoin (CRYPTO: BTC), stated that mortgage rates have likely already hit their lowest point and are expected to rise. He added that the Federal Reserve would likely return to quantitative easing (QE) to try and halt this increase. Schiff warned that such actions would “crush the dollar and reignite #inflation.” Schiff wrote, “Rate hike, maybe 100 basis points. Plus, announce an expansi…
