The Fed has trapped itself in a conundrum of providing cheap liquidity, Bill Gross tells CNBC....

|By:, SA News Editor

The Fed has trapped itself in a conundrum of providing cheap liquidity, Bill Gross tells CNBC. He doesn't believe yesterday's FOMC minutes lowered the chance of additional QE as today's market slide shows what will happen without continual pump-priming. It's QE or else.