In an exclusive interview with The Globe and Mail on the heels of the Fed's
monetary -
policy decision Tuesday - in which the central bank took a small
step back into re-investing some of its own balance sheet to
ease monetary conditions - the influential bond manager gave a vote of confidence to the Fed's strategy, criticized the Obama administration and Congress for a their lack of innovation and leadership, and argued that unless big government -
policy changes are made, the United States faces years of economic stagnation.