Though the Fed didn't mention a target level for unemployment, Bill Gross suggests the bank has...

|By:, SA News Editor

Though the Fed didn't mention a target level for unemployment, Bill Gross suggests the bank has 7% in mind, and will buy MBS "until the cows come home." Recently making news for slashing his Treasury holdings (so far so good), Gross suggests "real assets ... gold ... a house." (see "QE forever")