Bill Gross on U.S. Jobs Report, Election, Federal Reserve

The transcript discusses economic growth, caution due to structural changes, and the influence of GDP on markets. It highlights the Fed's focus on financial markets and the potential impact of elections. Central bankers are introspective about policy rates, considering savers and asset prices. The discussion also covers the presidential candidates' potential effects on financial repression and interest rates. Finally, it debates the impact of negative interest rates on the real economy, bank margins, and pensions.

What is the ultimate question regarding the new neutral policy rate?

What does the speaker suggest about the future of interest rates and financial repression?

What are the potential negative effects of negative interest rates mentioned?