The Federal Reserve could be forced to lower interest rates below 3 percent to avoid a
recession, Bill Gross, the manager of the world's biggest bond fund, said Wednesday.


In his latest investment outlook note to clients, Gross said the federal funds target rate, currently at 4.5 percent, needs to fall to 3 percent or less to restart a "near-recessionary economy.....Read the rest of the article at www.cnbc.com

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