Peter Schiff Says US Economy Weaker Than at End of Biden Presidency
Summary
- Peter Schiff said the US economy is now weaker than it was at the end of former President Joe Biden’s presidency.
- He pushed back on Kevin Hassett’s assessment that the US economy is booming as director of the White House National Economic Council.
- Schiff said the US economy has become more fragile, but he did not provide specific economic indicators.
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Prominent Bitcoin skeptic Peter Schiff said the US economy is now weaker than it was at the end of former President Joe Biden’s presidency.
Cointelegraph reported on September 4 that Schiff made the remarks in response to Kevin Hassett, director of the White House National Economic Council, who said the US economy was booming.
Schiff argued that the economy has become more fragile than it was at the end of the Biden administration, rejecting Hassett’s assessment.
He did not cite specific economic indicators to support that view.
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