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Fed Isn’t Vigilant Enough on Zero Rates, Gross Says on CNBC

Bill Gross, co-chief investment officer and founder of Pacific Investment Management Co., said in an interview on CNBC that the Federal Reserve isn’t vigilant enough when it comes to the impact of its so-called zero bound interest-rate policy.

Gross reiterated that central banks remain in charge of markets and that the minutes of the Fed’s most recent meeting didn’t change Pimco’s outlook on monetary stimulus.

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