Fed to Return Rates to Zero With U.S. in Recession: James Grant

  • Central bank waited too long before raising rates in December
  • Economy has likely already stalled amid weak data, Grant said

Jim Grant: Fed Will Return to Zero Rates

The U.S. Federal Reserve will be forced to return lending rates to zero after erring in boosting borrowing costs amid a probable recession, said James Grant, editor of Grant’s Interest Rate Observer.

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