Gross Says Inflation Matters More Than Fed Indicates: Tom Keene

Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said gains in so-called headline inflation matter more for the U.S. economy than Federal Reserve Chairman Ben S. Bernanke suggests.

Rising oil prices may cut U.S. gross domestic product by a quarter to half a percentage point, Gross said in a radio interview on “Bloomberg Surveillance” with Tom Keene.