Bill Gross: Fiscal Policy Is a Requirement

The video discusses the challenges faced by central banks in achieving economic growth, particularly in Europe and Japan. It highlights the strategies employed by central banks, such as buying bonds and stocks, and the limitations of these approaches. The importance of fiscal policy is emphasized, noting that it should complement monetary policy to be effective. The discussion includes references to key figures like Yellen, Bernanke, and Greenspan, and stresses the need for coordinated economic policies.

Why is it important for fiscal policy and monetary policy to work together?

What challenges do central bankers face when trying to stimulate the economy?