Jeremy Grantham Says Fed Is Erring on Highest Inflation Since 1990
- Central bank is overstimulating economy, value investor says
- Investors believe officials’ view that inflation is transitory
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Investors’ faith in the Federal Reserve has become so unshakable that not even the highest inflation in three decades is enough to cause a sell-off in assets, said Jeremy Grantham.
“We’ve never seen anything like this,” Grantham told Bloomberg Television’s “Wall Street Week” with David Westin. “Every bull market before this one had low inflation.”