Bill Gross, fund manager at Janus Capital: the Fed should start raising its interest rates immediately

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24 September 2015

Bill Gross, fund manager at Janus Capital: the Fed should start raising its interest rates immediately

Bill Gross, fund manager at Janus Capital, said in his monthly letter that the Fed should start raising its interest rates immediately.

"The developed world is beginning to run on empty because investments discounted at near zero over the intermediate future cannot provide cash flow or necessary capital gains to pay for past promises in an aging society," he wrote.

European Central Bank Executive Board member Peter Praet: the central bank could adjust its asset-buying programme if needed

International Monetary Fund approves another tranche of €126 million for Cyprus

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