Pimco's Crescenzi Discusses Fed Policy, U.S. Labor: Video

Jan. 8 (Bloomberg) -- Tony Crescenzi, a strategist at Pacific Investment Management Co., talks wi...  More »

Jan. 8 (Bloomberg) -- Tony Crescenzi, a strategist at Pacific Investment Management Co., talks with Bloomberg Television about the impact of the jobless rate on Federal Reserve monetary policy. The U.S. unexpectedly lost 85,000 jobs in December, supporting Federal Reserve forecasts that labor market recovery will take time and making it more likely interest rates will stay near zero for the next six months. (This is an excerpt of the full interview. Source: Bloomberg)  « Less