Should The Fed Raise Interest Rates? Bill Gross Blasts Janet Yellen For 'Market Manipulation'

The Federal Reserve has held interest rates for a long, long time. Bill Gross says enough is enough.  Janus bond manager Bill Gross, who formerly co-founded Pacific Investment Management (PIMCO) before a contentious ousting from the firm, penned a letter to his clients Wednesday criticizing the Federal Reserve and Chairwoman Janet Yellen. Gross argued that the Fed should raise interest rates, which have been kept at nearly zero since the 2008 financial crisis, and accused Yellen and...

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