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VMware, Inc. Message Board

  • rigged_markets rigged_markets Aug 23, 2012 6:54 PM Flag

    "What the Fed (explain this) minutes

    Fed Easing Is a 'Done Deal': Bill Gross
    By Justin Menza | CNBC – 2 hours 6 minutes ago@cnbc on Twitter

    The Federal Reserve will definitely move to ease monetary policy further, Bill Gross, Pimco's co-founder, told CNBC's "Closing Bell" on Thursday.

    "What the Fed (explain this) minutes told us is additional easing (explain this) might be warranted 'fairly soon' unless the incoming data pointed to a sustainable strengthening of the economy," Gross said. Gross said the "sustainable strengthening" language is important. "I think we need to see months of 3 percent or better gross domestic product growth before the Fed backs off that particular provision," he added. (Read more below video.)

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