Bill Gross of PIMCO spoke to Bloomberg Television’s Trish Regan and said that he expects more quantitative easing from the Fed “relatively soon” and that “they have a dual mandate.”
Gross said “unemployment is still above 8% and it’s obvious that the Fed isn’t comfortable, nor is the nation or the economy with 8% unemployment going forward,” but that “Ben Bernanke would agree that the next quantitative ease will produce limited results.”
