James Grant: Fed policy is a disaster

James Grant, founder and editor of the broadly read Grant’s Interest Rate Observer, was the guest on Consuela Mack’s Wealthtrack show this week.  In the interview, embedded below, Grant explains why he believes the Federal Reserve’s zero interest rate policy and massive purchases of U.S. Treasury and mortgage-backed bonds are dangerous to the economy.

Grant doesn’t see how “price control… improves conditions for working Americans. It seems to me that everything argues against that.”