Tuesday, June 04, 2013

Pimco's Gross Skewers Bernanke: You're Part of the Problem

CNBC reports:
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.