- Fed cuts should come in next 6 to 12 months: Pimco co-founder
- US policymakers next meet Jan. 31 to discuss interest rates
Bill Gross has some advice for the Federal Reserve: stop winding down its balance sheet now, and start cutting interest rates in coming months to avoid recession.
“I would stop quantitative tightening,” the co-founder and former chief investment officer of Pacific Investment Management Co. said on Bloomberg Television when asked what he would do differently if he were leading the Fed. “That is just not a correct philosophy and policy at this point in time to continue to tighten quantitatively.”
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