James Grant, editor of Grant’s Interest Rate Observer, talks about the outlook for Federal Reserve monetary policy and the consquences of the central bank’s policy of quantitative easing. Fed officials said today they will maintain record monetary stimulus to support a flagging economic recovery after completing a $600 billion bond-purchase program as scheduled this month. Grant speaks on Bloomberg Television’s “InBusiness with Margaret Brennan.”

Hat tip Scott F

Running time 13:15

Source: Bloomberg, June 22 2011