In the Tuesday edition of the Wall Street Journal Fund Track, David Benoit picks up on comments made by Pimco's Bill Gross on further action the Fed should be taking. Gross, in his investment outlook posted on Pimco's Web site, said the Federal Reserve should act as a clearing house. In addition, he said the Fed must make outright purchases of commercial paper and cut interest rates to 1 percent.

Click here to view Gross' commentary in full. 

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