Bill Gross: U.S. Needs Some Keynesian Fiscal Stimulus

The transcript discusses the challenges of current monetary policies, focusing on asset bubbles, inequality, and the lack of economic growth. It questions the Federal Reserve's reluctance to consider alternatives and highlights the global reliance on low and negative interest rates. The discussion includes the need for fiscal responsibility and Keynesian stimulus, while exploring the consequences of raising interest rates. The central banks' addiction to low rates and quantitative easing is compared to addiction, suggesting gradual rate increases as a solution.

What is the relationship between interest rates and economic growth as suggested in the text?

How does the speaker view the role of fiscal responsibility in economic policy?

Discuss the alternative scenarios that central banks might consider in the absence of fiscal stimulus.

What are the perceived consequences of central banks maintaining low or negative interest rates?

What are the implications of raising interest rates according to the speaker?