According to PANews, economist and gold advocate Peter Schiff has advised the Federal Reserve to raise interest rates instead of lowering them, even if it leads to a market crash. Schiff acknowledges that such a move could result in a collapse of the stock and real estate markets, causing a hard landing and triggering a recession, emphasizing the potential severity of these market consequences.

In his recent podcast and on social media platform X, Schiff expressed his views on the U.S. economy, Federal Reserve policies, market rebounds, and the possibility of upcoming rate cuts. He pointed out that decades of Federal Reserve policies have made an economic downturn inevitable. Schiff suggests that the Fed should not cut rates but should instead increase them, even if it triggers a market crash, which he considers a 'necessary crash' to correct the economy. He stated, 'The right thing to do is to raise rates further and let everything play out naturally. Of course, the stock market will crash. Real estate will crash. We will have a hard landing. The economy will go into recession.'

Despite these views, Schiff acknowledges that market sentiment is increasingly confident about an imminent rate cut, possibly even before the September meeting. This expectation has already begun to influence market psychology.