CNBC, Released on 12/18/24

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.

Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named “Money Manager of the Year” by Institutional Investor. He is a graduate of Dartmouth College summa cum laude holding a BA in Mathematics and Philosophy. He attended Yale University as a PhD candidate in Mathematics.

  economy, federal reserve, inflation, investing, Jeffrey Gundlach