The Fed will likely kick off its next round of monetary stimulus in a couple weeks, says Pimco's...

|By:, SA News Editor

The Fed will likely kick off its next round of monetary stimulus in a couple weeks, says Pimco's Bill Gross, but it won’t do much to improve the country’s job market. The Fed is looking for improvement in "sustained" employment, so until we see a few consistent quarters of around 7% unemployment, look for QE. Regardless, Gross feels it's becoming increasingly impotent anyway. It's "reached a dead end," he says. “Once you get down to zero percent on interest rates, there’s not much left to stimulate.”