Gross slams 'devilish' Fed policy

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US - PIMCO's co-CIO Bill Gross has hit out at US policymakers for introducing "devilish policy tools" to rebalance US debt, effectively "robbing savers".

Gross, who manages the world's largest bond fund, the $250bn PIMCO Total Return fund, also recommended investors "exorcise" gilts and treasury bonds from their portfolios and replace them with asse...

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