PIMCO’s Gross Says Fed Must Act as Clearing House and Buy Commercial Paper
The head of the world’s largest bond fund said the Fed needs to take
additional steps to calm markets and instill confidence.
Bill Gross, managing director and co-chief investment
officer at PIMCO, said the Federal Reserve must act as a clearing house
for institutional transactions,
funds rate to 1.00%.
Original post by Mortgage News Daily - Mortgage And Real Estate News
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