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Pimco Sees Fed Starting Open-Ended Easing With $500 Billion

Nov. 2 (Bloomberg) -- The Federal Reserve will likely begin a program of bond buying with about $500 billion in purchases and leave it open-ended for “some chance of doing more,” according to Pacific Investment Management Co.’s Tony Crescenzi.

Asset prices have been bolstered by the expectation of so-called quantitative easing and also prospects for the Republican Party to gain control of the House of Representatives, he said in an interview with Bloomberg Television.

Link to Company News:{21429Z US <Equity> CN <GO>}

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Garfield Reynolds at greynolds1@bloomberg.net

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