Summary List Placement
Billionaire investor Bill Gross wrote in a Financial Times op-ed on Tuesday that the Federal Reserve could risk sinking the dollar if it continues to support accommodative monetary policies for too long.
“I suspect that $5 trillion spending programmes and the Fed’s current package of near zero per cent short-term rates and $120 billio n of monthly bond buying will move growth, inflation and financial markets far beyond reasonable targets that ultimately will jeopardize post-Covid-19 normals,” he wrote.
Gross, who has since retired since co-founding investment firm Pimco and moving Janus Henderson Investors, argued the details ⇒
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