Peter Schiff Warns Inflation Will Be 'Bigger Threat' Under Trump Than Biden—But Tariffs Or The Iran War Aren't The Real Reason

Namrata Sen — Mon, 01 Jun 2026 09:39:38 +0000

Economist Peter Schiff explains that the inflation threat under President Donald Trump is not just due to his tariff policies and the Iran War, but larger macro issues.

On Sunday, Schiff argued on X that tariffs and war are not the main reasons driving inflation more under Trump than under former President Joe Biden. Instead, he believes rising government deficits and the Federal Reserve’s efforts to suppress long-term interest rates will be the main triggers of higher inflation.

“The primary driver will be the surge in deficit spending and the Fed’s efforts to limit the rise in long-term interest rates,” wrote Schiff.

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Full story available on Benzinga.com