Peter Schiff Warns Fed's Rate Cuts Won't Prevent Recession — Issues Warning About Inflation And Unemployment: 'Game Over'

Renowned economist Peter Schiff has issued a stark warning about the U.S. economy, suggesting that Federal Reserve rate cuts will not stave off a recession.<br /><br />What Happened: Peter Schiff, a well-known gold advocate and critic of Bitcoin, has issued a warning about the U.S. economy. According to a post on X, Schiff believes that the Federal Reserve’s rate cuts will not prevent a recession.