Peter Schiff

The Federal Reserve (rates then near zero) will never be able to raise interest rates back up.

“They are in a monetary roach hotel, and they will never be able to raise rates back up.”

Said on

22 September 2015 · CNBC "Futures Now" interview, Tuesday Sep 22, 2015, days after the Fed held rates

Source

Schiff: I'm right about the Fed, I'll be right about stocks · CNBC

Should come true

No date given

How sure they sounded

will never be able to

Categories

EconomyMarkets

Importance

3 of 5 · US monetary policy affects the whole US economy and global markets.

Outcome

Inaccurate Happened 16 December 2015.

Less than three months later, on December 16, 2015, the Fed raised the federal funds target range to 0.25-0.5%. It kept raising, to 2.25-2.5% by end-2018 and to 5.25-5.5% in 2023.

Evidence:

• https://www.federalreserve.gov/newsevents/pressreleases/monetary20151216a.htm