Bill Gross Says the Fed Has Mastered ‘Market Manipulation’

Bond investor Bill Gross ramped up his criticism of the Federal Reserve on Wednesday, characterizing chair Janet Yellen and her predecessors and contemporaries at other central banks of mastering “the art of market manipulation.”

In his latest Investment Outlook, Gross wrote: “All have mastered the art of market manipulation and no – that’s not an unkind accusation – it’s one in fact that Ms. Yellen and other central bankers would plead guilty to over a cocktail at Jackson Hole...

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