DoubleLine's Jeffrey Gundlach says Federal Reserve has lost control

FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid

“What else do you need to call it an inversion?” Gundlach said in a telephone interview. “Everyone is parsing all of these little arbitrary things. But we’ve got an inversion.” Three weeks ago, Federal Reserve Chairman Jerome Powell characterized the U.S. central bank’s first rate cut since 2008 as a “mid-cycle adjustment to policy,” suggesting the move was not the start of a lengthy series of rate cuts.

Have a good night sir

JFK wanted to abolish it

something's got to explain this 5 year underperformance versus $MBB

The federal reserve is doing just fine. The only entity that has lost their mind is the WH.

This is old news. The Fed never had control. Private capital has always controlled the vast majority of rates.

Thank God👏🏼

Mr.Trabs

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