James Grant, publisher of Grant’s Interest Rate Observer, appeared on “Bloomberg Surveillance” with Tom Keene and Sara Eisen and said that the Federal Reserve needs to “get out of the business of central planning.”
Of the stock market, Grant said, “I think we live in a hall of mirrors in finance thanks to the zero interest rate regime and the chronic nonstop interventions. We do not know exactly where we are.” Grant also said that he “would like to see the Fed admit it can’t do what it promises to do” at the Jackson Hole Economic Symposium.
