Bill Gross: Fed Not Raising Rates in a Meaningful Way for at Least the Next Few YearsVW Staff
Bill Gross Q: Can you explain what is happening in markets now?
Bill Gross: In 1980, the Federal Reserve, led by Paul Volcker, tightened the quantitative noose to tame double-digit inflation, fueling an unprecedented tailwind for bond prices. Thirty years later we find ourselves at the other extreme, as central banks print money in the trillions of dollars to stimulate economic growth, and inflation is abnormally low. While we are not likely to see . . .
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