by Peter Schiff, Schiff Gold:

Federal Reserve rate hikes will add trillions to the national debt, according to an analysis by the Committee for a Responsible Federal Budget.

The Fed is expected to deliver another 75-basis point rate hike during its September FOMC meeting. Some speculate the central bank could even raise rates a full 1 percent to fight persistently high inflation. According to the Committee for a Responsible Budget (CFRB), rate hikes will add another $2.1 trillion to the national debt over the next decade.