CNBC, Released on 2/27/20

Just a few months after putting the Fed on hold, Chairman Powell is once again under pressure from the markets to take action. Jim Grant, founder and editor of Grant’s Interest Rate Observer, joins “Squawk Box” to discuss.

James “Jim” Grant is an American writer and publisher and the founder of Grant’s Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant’s television appearances include “60 Minutes,” “The Charlie Rose Show,” Bloomberg TV, CNBC and other well-known financial news sources. His journalism has appeared in a variety of periodicals, including the “Financial Times”, “The Wall Street Journal” and “Foreign Affairs.”

  coronavirus, covid 19, debt bubble, Fed, interest rates, rate cuts, stock crash