Bill Gross on Bloomberg TV after the Fed

Gross was asked about the US dollar and noted that it's gone one way since Trump took office. That's good for manufacturing, exports and inflation.

"They want a 2% target hit as quickly as possible and a weaker dollar plays right into their hands," he said about the Fed. "There have been estimations that a 5-10% decline in the dollar, we've seen a 7% decline since the top, increases inflation by 0.1 or 0.2 pp per year for several years. So it's very much of a favorable development for the Fed and policymakers."

In the bigger picture, Gross said the biggest risks are some kind of geopolitical crisis with volatility at ultra-low levels.