DoubleLine CEO-CIO Jeffrey Gundlach reacts to the Federal Reserve’s decision to leave interest rates alone and reviews Fed Chair Jerome H. Powell’s post-FOMC meeting press conference with @ScottWapnerCNBC, a guest at DoubleLine’s downtown L.A. office. The two discuss what Mr. Gundlach describes as a “remarkably vague” Q&A session with Chair Powell, and they cover subjects including the possibility for one rate cut before the year is out, why Mr. Gundlach calls Chair Powell a “trigger finger” on whether the inflation rate is acceptable (3:45), how there is a greater dispersion of outcomes for those coping with inflation (6:58), why Mr. Gundlach’s game plan remains the same when it comes to investing (19:58) and political unease and the presidential election (24:42).
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.
