The Fed knows that the economy is in terrible shape and that they must bring down short-term rates to the level of inflation. If inflation keeps coming down, the Fed, to a certain extent, has to chase inflation.
More Quotes from Bill Gross:
They will cut until they reach the point that the average consumer finally cries 'uncle' and starts to take on risk.Bill Gross
Dr. Fred Pescatore says it's time to eat like a caveman you know, more veggies and grains, less meat and real fruit rather than juice, because overall fruit juice is only slightly healthier for you than soda and often has more calories. ... Get out on the track and put your foot to the floor and your heart into your mouth.
Bill Gross
I view him favorably, especially his views on inflation targeting,
Bill Gross
There's little doubt...that the bond market's salad days are over,
Bill Gross
If he continues to believe that a flat curve is indicative of economic weakness, the hand-off may be one in which we stop at 4.5 percent.
Bill Gross
I try to draw attention to where we were before the hurricane,
Bill Gross
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