Legendary investor Bill Gross warns the Fed will ‘crack the economy’ by hiking interest rates aggressively

MarketsInsider/Harry Robertson/3-21-2022

“Veteran investor Bill Gross has warned the Federal Reserve risks severely damaging the US economy by raising interest rates too aggressively. ‘I suspect you can’t get above 2.5 to 3% before you crack the economy again,’ Gross told the Financial Times in an interview published Saturday.”

USAGOLD note: Gross joins the group of analysts who believes there are limits as to how aggressive the Fed can get under the current circumstances.