Pimco's Gross: Housing to dominate Fed for years (Reuters via Yahoo! News)
Story date: 2007-10-01 10:00:41
Added on: 2007-10-01 15:00:17
Bill Gross, manager of the world's largest bond fund, on Monday said that the subprime mortgage crisis will dominate Federal Reserve policy "over the next several years" and believes short-term U.S. interest rates could fall to 3-3/4 percent over the next six to 12 months.
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