http://www.reuters.com/article/idUSN1823668120100218
Pimco's Gross: Fed move is not start of tightening cycle
Thu Feb 18, 2010 6:35pm EST
NEW YORK, Feb 18 (Reuters) - The Federal Reserve's surprise move on Thursday to raise the interest rate it charges banks for emergency loans does not mean that a full-fledged tightening cycle has begun, Bill Gross, the manager of the world's biggest bond fund, told Reuters.