[Peter Schiff: Trump's Plan to Appoint a Pro-Low Interest Rate Fed Chair May Backfire] Odaily Planet Daily News - Economist and cryptocurrency critic Peter Schiff posted on the X platform, stating that Trump plans to appoint a new Federal Reserve Chair who believes in low interest rates, claiming this move will reduce mortgage rates for Americans. He further noted that such an inappropriate rate-cutting measure under consideration could have negative consequences, not only exacerbating inflation but also driving up mortgage rates.