FIRST AIRED: May 23, 2017

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COMING UP:Share Opener Variant 2

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00:00:00
one of America's best known investors slamming the federal reserve Wednesday for failing to act earlier to raise rates , one girl bill gross became the flag misfits shot to tighten or raise interest rates now investors will pay the price , huge window of opportunity early this year and now that the Senate is looking to tighten , later this month or even in October work December he believes that the fed interest rate Michael could be detrimental not only to the financial market but also to the economy use the word self inflicted instability the colonel reserved held rate at historic lows since the financial crisis making it cheaper to borrow and invest in helping fuel a bull market on wallstreet but now gross says even a small gradual move to get rates back to more normal levels could spook the stock market , open it up it symbolizes , start from the beginning of an interest rate hike cycle which we haven't seen in nearly a decade and not what's really heartening that quote unquote rate hike tantrum , fed officials have said a rate hike could come as soon as this month , gross was one of the world's largest foreign investor building pimco into a two trillion dollar empire before splitting with the company last year