Peter Schiff Claims Fed Has Already Lost Fight Against Inflation Permanently

What was said

"The Fed has lost the fight against inflation, and it's not that it has to fight harder to win. It's that it can't win because it can't fight hard enough. It is impossible, which means that crisis is not too far off."

Economist Peter Schiff declared on his podcast that the Federal Reserve cannot win the inflation battle due to structural constraints from rising national debt and interest payments. He argued the Fed is physically unable to raise rates high enough to control inflation without triggering a sovereign debt crisis, contradicting the mainstream narrative that the Fed simply needs more time or tighter policy.