Fed ‘in a pickle,’ Pimco’s Gross says
Asserts falling home prices to dominate policy for years
By Rex Nutting, MarketWatch
Last Update: 12:40 PM ET Oct 1, 2007Print E-mail Subscribe to RSS Disable Live Quotes
WASHINGTON (MarketWatch) — Falling home prices will dominate Federal Reserve policy for the next several years, despite “false hopes” of a bottom in housing, “faux economic strength” or worries about the dollar, says Bill Gross, managing director of Pacific Investment Management Co.
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