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bond guru bill gross calling on the federal reserve to get off your apartment interest rate and do it quick deformity yell and my manager at pimco on Wednesday warning that the central bank's policy destroying pension fund and carbon long term harm to the real economy , where did investment senator Janet Lunn the problem right now with the real economy is that a lot of corporations are using low interest rate for financial engineering on their stock prices their funding I backs and mergers and acquisitions when want money should really go back into our energy research and development hiring , increasing wages building things that matter to American people at one of the most closely watched meetings in years , instead last week decided to hold rates at historic lows where they have been for nearly seven years , recent economic data coming in weaker than expected and global markets especially China increasingly volatile in the last few months , creator anything you know what we need higher yield we need higher yields because that will filter through following teams pension funds foundations and endowments , the federal reserve meets two more times in twenty , and did leave the door open to a rate hike later that year