Bill Gross Releases New Investment Outlook, ‘Fundamentally Speaking’
January 12, 2024
‘Bond King’ Bill Gross says stocks look overstretched – and a major recession could hit if interest rates don’t drop this year
January 23, 2024Fed Should Stop Quantitative Tightening, Reduce Interest Rates Soon, Bill Gross Says
Fed cuts should come in next 6 to 12 months: Pimco co-founder
US policymakers next meet Jan. 31 to discuss interest rates
Bill Gross has some advice for the Federal Reserve: stop winding down its balance sheet now, and start cutting interest rates in coming months to avoid recession.
“I would stop quantitative tightening,” the co-founder and former chief investment officer of Pacific Investment Management Co. said on Bloomberg Television when asked what he would do differently if he were leading the Fed. “That is just not a correct philosophy and policy at this point in time to continue to tighten quantitatively.”
