The cornelian dilemma for the Fed will be to either raise rates to restrain rising consumer prices and support the dollar, or cut them to prop up a sagging economy & stock market. Doing the former will produce another financial crisis, while doing the latter something far worse!

The cornelian dilemma for the Fed will be to either raise rates to restrain rising consumer prices and support the dollar, or cut them to prop up a sagging economy & stock market. Doing the former will produce another financial crisis, while doing the latter something far worse!

— Peter Schiff (@PeterSchiff) January 19, 2018