Jul 27, 2020 Guest(s): Peter Grosskopf CEO, Sprott
The U.S. senate is on its way to filling vacant seats on the Federal Reserve's board of governors and although one pick has been plagued with controversy, one fund manager does not expect the new members to derail the central bank's current plan to pump massive levels of liquidity to stabilize financial markets and the global economy.In an interview with Kitco News, Peter Grosskopf, chief executive officer at Sprott Inc. said that he doesn't expect any new Fed member to have much impact on the future direction of interest rates as rising debt gives the central bank little room to maneuver.