On Wednesday, Dec. 18, 2024, DoubleLine CEO-CIO Jeffrey Gundlach speaks with CNBC’s Scott Wapner on Federal Reserve Chair Jerome H. Powell’s remarks following the FOMC’s decision to cut the target federal funds rate by 25 basis points. Gundlach shares his thoughts on inflation data points not trending the direction the Fed wants, the lack of a base case for aggressive rate cutting in 2025, the impact of President-elect Trump’s “inflationary-ish” policies, interest expense on the federal deficit and portfolio positioning heading into next year.
Mr. Gundlach is CEO of DoubleLine. In 2011, he appeared on the cover of Barron's as "The New Bond King." In 2013, Institutional Investor named him "Money Manager of the Year." In 2012, 2015 and 2016, he was named one of "The Fifty Most Influential" in Bloomberg Markets. In 2017, he was inducted into the FIASI Fixed Income Hall of Fame. Mr. Gundlach is a summa cum laude graduate of Dartmouth College, with degrees in Mathematics and Philosophy.
