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.)