Reports emerge that bond king Bill Gross in July cut his Treasury holdings, suggesting that his Pacific Investment Management its betting the Federal Reserve will raise rates sooner than markets anticipate. ValueBridge Advisors principal analyst Brian Barnier tells TheStreet's Joe Deaux that investors shouldn't necessarily assume this means the Fed will increase the fed funds rates any sooner. Barnier also looks ahead at the Jackson Hole monetary policy symposium, pointing out that the key debate will be three-pronged: how the Fed will move ahead in managing its policy on interest rates, the unemployment rate and inflation.

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