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Gross Says Jobs Growth to Spur Fed on Quantitative Easing

Pacific Investment Management Co.’s Bill Gross said lower-than-forecast U.S. employment growth will move the Federal Reserve closer to more quantitative easing.

Policy makers will give “strong hints” or provide “positive action” at next week’s Federal Open Market Committee meeting, Gross, who runs the world’s biggest bond fund, said in a radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt. The Fed will likely ease further through “open-ended” purchases of Treasuries and mortgages and extend its pledge to keep interest rates low into 2015, he said.