Jim Grant explains why investors may be getting a 'whiff of stagflation' following June's job report

Jim Grant, Grant’s Interest Rate Observer founder and editor, joins 'Squawk Box' to discuss the state of the economy, whether 'a whiff of stagflation' is upon us following June's jobs report, the Fed's inflation fight, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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