Peter Schiff: High inflation will return, and the Fed needs to raise interest rates significantly

Economist Peter Schiff warned that high inflation may return and the Federal Reserve needs to take aggressive action. Peter Schiff also criticized JPMorgan Chase CEO Jamie Dimon for whitewashing the seriousness of the U.S. economic situation. However, he acknowledged that Jamie Dimon's view is "closer to being right than most other Wall Street CEOs."