The Fed's Struggle with Inflation: A Market Pundit's Perspective.

Prominent market pundit Jim Grant says the Federal Reserve is the "problem No. 1 in American finance" due to its policy of artificially low interest rates over the past decade, which has caused distortions in the economy and led to regional banking problems and the debt-ceiling dilemma. Grant also questions the efficacy of the central bank's policy interventions and believes the Fed's balance sheet resembles that of banks like First Republic. He remains bullish on gold and identifies more things to sell than to own in the current environment.