Gross Sees More Volatility on Fed Unemployment Focus: Tom Keene

Pacific Investment Management Co.’s Bill Gross, manager of the world’s biggest bond fund, said financial markets will experience wider price swings with the Federal Reserve focusing on the unemployment rate.

“I would suspect that the 7.8 percent today gives us a little breathing room in terms of moving down, but I still think the markets will be more volatile,” Gross said today in a radio interview on “Bloomberg Surveillance” with Tom Keene after a report showed employers added workers in December at about the same pace as the prior month, and the unemployment rate matched a four-year low.