In the Margins

Gross to Fed: 'Get off zero, get off quick'

September 23, 2015

By Reuters

Bill Gross has urged the Federal Reserve to "get off zero and get off quick,"  maintaining that interest rate levels are harming the real economy and destroying insurance company balance sheets and pension funds. In his October Investment Outlook for Janus Capital, the bond guru said the central bank should acknowledge the destructive nature of zero percent interest rates over the intermediate to longer term. Read the original article from Reuters.