U.S. Should Do More for Job Growth, Gross Says: Tom Keene
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Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co., said the U.S. government must do more to support employment growth.
“What we’ve been able to apply in the last 20 years is a financial based employment structure where the magic of finance and asset appreciation” generated jobs, Gross said in a radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt. “That model no longer applies. We need to go back to the manufacturing roots of this country as opposed to the financial roots.”