Schiff Criticizes Trump’s Rate Cut Idea, Says Transition to Manufacturing Economy Requires Higher Rates

Economist Peter Schiff has said he disagrees with U.S. President Trump’s idea that lowering interest rates would help the U.S. shift to a manufacturing-based economy. Schiff: Lowering Interest Rates Counterproductive Economist Peter Schiff has panned the idea supported by then-U.S. President Donald Trump that lowering interest rates could help America transition from an import-dependent economy