Pimco’s Bill Gross: Fed’s Rate Strategy Stalling Economic Growth
February 07 — Bill Gross, founder and co-chief investment officer of Pimco, says the Federal Reserve’s strategy of zero interest rates is halting economic recovery and could be steering the United States into a Japanese-style “lost decade.”
"Who could have conceived 30 or 40 years ago that interest rates could ever approach zero for an extended period of time?" Gross writes in the Financial Times. "Probably no one." Read more.
