Bond guru Bill Gross has taken straight aim at the Federal Reserve and its Chairman Ben Bernanke, charging that ultra-loose monetary policies are holding back the economic recovery. In his monthly letter to investors, Gross, who heads fixed-income giant Pimco and its $2 trillion in assets under management, uses unusually blunt language to convey his feelings about historically aggressive central bank easing measures.Central planning leads to chaos.
Tuesday, June 04, 2013
Pimco's Gross Skewers Bernanke: You're Part of the Problem
CNBC reports: