Peter Schiff： If the Federal Reserve does not urgently cut interest rates and announce a large-scale quantitative easing program, it may trigger a stock market crash similar to the one in 1987 Economist Peter Schiff warned that the yield of US treasury bond bonds rose rapidly, with the 10-year yield reaching 4.5% and the 30-year yield rising to 5%. He said that if the Federal Reserve does not urgently cut interest rates tomorrow morning and launch a large-scale quantitative easing program, the stock market may experience a sharp decline similar to that in 1987.