Gross Says U.S. in Anemic, Jobless Recovery: Tom Keene
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Pacific Investment Management Co.’s Bill Gross said the U.S. is in an “anemic, jobless recovery” where there is little real wage growth after a government report showed employment rose at the slowest pace in four months.
The firm has a “little more dourer outlook” than the Federal Reserve when it comes to growth, Gross, manager of the world’s biggest bond fund, said in a radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt.