MARKETS SPECTATOR: Pimco's Fed swipe

Inflationary pressures are minimal and the US economy faces bigger hurdles than the Federal Reserve realises, Pimco founder Bill Gross says.

Bill Gross doesn’t mince words. The co-chief investment officer of Pimco, which manages $2.04 trillion, says US Federal Reserve chairman Ben Bernanke is too optimistic about the prospects of the world’s largest economy.


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