Fed doing more harm than good
Dec. 12 - Closely followed market watcher Jim Grant of Grant's Interest Rate Observer says the Fed's latest move could do more harm than good.
Grant, speaking at the Reuters 2008 Investment Outlook Summit in New York on Wednesday, says "the Fed ought to let markets find a level and be a little less quick to be the federal first responder to the scene of financial accidents" and that its latest move to add liquidity to the financial system is simply "dragging out the process of adjustment" for the markets. Speaker: James Grant, Founder & Editor, Grant's Interest Rate Observer
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