Bill Gross, Unofficial Spokesman for the Fed?

Ever since Bill Gross let some info that only the Fed would know about, out ahead of the report, LIVE on CNBC, there's been a lot of speculation that he has an inside line into the FED. Again, they don't call them smart money for nothing. Going all out on margin to buy the same MBS that the Fed is buying is another curiosity. By the way, what Bill Gross let slip on air (I can't recall what it was at this moment), came true.

Now Bill is saying that GDP will disappoint and basically slip down the slippery slope and come in UNDER 2%. I've been saying the same thing, a trend like that, that big, is not easily turned around, especially when fundamentally nothing has come in significantly better. His forecast for GDP?  1.75%-under the important 2% the Fed has forecasted.

Here's the story:

http://www.bloomberg.com/news/2010-10-20/pimco-says-u-s-economy-will-disappoint-with-1-75-growth.html 

And why would the Fed share this with Bill Gross, well only because he runs the behemoth fund, Pimco. If Bill ever was irritated with the Fed and wanted to go toe to toe, he might not win, but he'd cause a lot of havoc that might cause the Fed to win the battle but lose the war. I wouldn't be surprised if they sought out his council as well.

I recall Pimco's mixed bond equity fund going from 65% equities to under 30% before the April equities sell-off.