Why The Fed Does Not Want To Raise Rates

As long as the Federal Reserve is willing to bluff, as long as the Fed is able to pretend that they can raise interest rates, then everybody can pretend that what the Fed did work. But the minute they raise interest rates and prove that the economy cannot withstand higher rates then they expose everything and that is why they do not want to do it.

Tickers: SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM), SPDR S&P 500 Index ETF (SPY)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.