Peter Schiff: If the Fed does not cut interest rates urgently and announces large-scale quantitative easing plans, it could trigger a stock market crash similar to that in 1987

PANews reported on April 9 that economist Peter Schiff issued a warning that the yield on U.S. Treasury bonds has risen rapidly, with the 10-year yield reaching 4.5%, and the 30-year yield has risen to 5%. He said that if the Fed does not cut interest rates urgently tomorrow morning and launches a large-scale quantitative easing plan, the stock market may experience a sharp drop similar to that in 1987.