The Federal Reserve has employment numbers on its radar as opposed to real economic growth, Bill Gross said Wednesday on CNBC's "Power Lunch."
"Goodness, this quarter, for almost the second quarter in a row, we're close to the flatline in terms of economic growth," said Gross, who leads the Unconstrained Bond Fund at Janus Capital Group. "But the jobs market seems to be doing better, and that's the one they emphasize first. As long as jobs keep going at 200,000 a month, I think the Fed is well on its way to a June hike."