Bill Gross: Fed tightening cycle could create self-inflicted financial instability
September 02, 2015 at 07:47 AM EDT
NEW YORK, Sept 2 (Reuters) - Bond guru Bill Gross, who has long called for the Federal Reserve to raise interest rates, said on Wednesday that U.S. central bankers may have missed their window of opportunity to hike rates earlier this year and normalizing them now could create "self-inflicted financial instability."