Gundlach criticizes Fed's short-termism

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CNBC

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Business

Business & Economics

DoubleLine’s Gundlach says the Fed looks like Mr. Magoo, focuses too much on 'short-termism'

Summary

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77% Informative

Jeffrey Gundlach : "The Fed looks like Mr. Magoo , driving around, bumping into things" The Fed has cut benchmark rates by a full percentage point since September .

"CPI month-over-month change has got the Fed zig-zagging," he says.

The Fed still has work to do to reach its 2% inflation target.

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formal

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English

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not offensive