Peter Schiff: Trump increased government spending and Fed balance sheet

Peter Schiff: Trump increased government spending and Fed balance sheet
Trump spending and Fed growth assessed

Peter Schiff questioned the narrative that Donald Trump is not responsible for rising inflation, highlighting that government spending and the Federal Reserve's balance sheet both grew under Trump during his 45th and 47th administrations.

Schiff pointed out that inflation is primarily driven by government overspending and excessive money creation, rather than economic growth itself.

Schiff has previously highlighted risks that delays by the Federal Reserve in cutting rates could trigger runaway inflation and higher prices. He has also commented on developments in the crypto sector, discussing the option for homebuyers to use USDC stablecoins as down payments for crypto-backed mortgages. These topics have remained central in Schiff’s public commentary on inflation and monetary policy.

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