Peter Schiff: Trump's plan to appoint a pro-low-interest-rate Fed chair may backfire.

Odaily Planet Daily reports that economist and cryptocurrency critic Peter Schiff posted on the X platform, stating that Trump's announcement of appointing a new Federal Reserve chairman who believes in low interest rates, claiming this would lower mortgage rates for Americans, could have negative consequences. Schiff argues that this proposed inappropriate rate cut could not only exacerbate inflation but also drive up mortgage rates.