Peter Schiff: U.S. real interest rates continue to decline; the Fed’s rate hikes are far insufficient to curb inflation

Well-known economist and gold advocate Peter Schiff warned in a post that U.S. real interest rates are plunging sharply as inflation continues to surge while the Federal Reserve refuses to raise rates significantly. He noted that even if the Fed hikes rates by 100 basis points this year—a scenario with extremely low probability—it would still fall far short of halting the further decline in real interest rates.