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Warsh avoided answering question on Fed rates, Peter Schiff notes

Warsh avoided answering question on Fed rates, Peter Schiff notes
Warsh sidesteps Fed rate hike question

Warsh did not directly answer a question on why the Federal Reserve did not raise rates in October, according to Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital. Schiff commented that Warsh's response did not constitute a direct answer and suggested this was because he did not want to disclose the truth.

Schiff has previously commented on major financial events, including U.S. regulators issuing a $1.2 billion fine to Bank of America for anti-money-laundering violations. He also recently pointed out that gold was trading just under $4,000 as the stock market declined. His ongoing commentary covers both regulatory actions and market movements.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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