Powell will do bad job explaining Fed cut: Gundlach
Federal Reserve Chairman Jerome Powell will do a bad job explaining a 25-basis point interest rate cut next week, said Jeffrey Gundlach, chief executive of DoubleLine. Powell "ping pongs" around in his discussion of the economy rather than taking a longer-term view, he said. Powell will drop his "mid-cycle adjustment" language after that received an unfavorable market reaction, Gundlach forecasted.
Published:9/12/2019 10:06:59 AM