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Gross Says Jobs Indicates More Fed Easing: Tom Keene

Pacific Investment Management Co.’s Bill Gross said the U.S. may face a prolonged period of stagnation should anticipated asset purchases by the Federal Reserve fail to invigorate economic growth.

“You could have significant problems with a ‘lost decade’ for the United States,” Gross, manager of the world’s biggest mutual fund, said during a Bloomberg Television interview on “Street Smart with Carol Massar and Matt Miller.” “They’re trying to prevent a caving in of the U.S. economy.”