Gross reacts to Bernanke’s speech

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Federal Reserve Chairman Ben Bernanke told the National Press Club on Thursday that despite recent improvement in the U.S. economy, the recovery still needs help from the Fed.

Source: CNBC, February 3, 2011.

After listening to Bernanke’s speech, PIMCO’s Bill Gross said: “I’m confident that the Fed is not going to raise interest rates.”

Source: CNBC, February 3, 2010.

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