Jim Grant: Coming Inflation Will Be A Doozy

Monday, December 29, 2008 9:42 AM

By: Dan Weil

The Federal Reserve’s policy to boost the economy will lead to surging inflation and weakness for the dollar, says James Grant, editor of Grant's Interest Rate Observer.

“Specifically, the Fed pledged to print dollars in unlimited volume and to trim its funds rate, if necessary, all the way to zero,â€