Households Need to Be Savers: Bill Gross on Fed Rate

Gross discussed the negative effects of keeping rates at zero and where he thinks they should be

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Dec 16, 2015
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Bill Gross of Janus said the Fed should never have set rates at zero and should raise them to close to 2% for a neutral Fed funds rate. He discussed more about today's Fed interest rate increase in an interview with CNBC this afternoon.