Bill Gross

Bill Gross Vs the FED

Bill Gross Vs the FED

7 mins. to read

Bill Gross from Janus Capital (ex:PIMCO) has heavily criticised central banks for failing to foresee the consequences of conducting a zero interest rate policy (ZIRP) for too long. They’re destroying “the savings function of capitalism, which is a necessary and in fact a synchronous component of investment”, as “accustomed to Taylor Rules and Phillips Curves,…

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