DoubleLine's Gundlach: Fed has lost control of interest rates

Dhwani Mehta FXStreet

Jeffrey Gundlach, Wall Street's bond king and Founder and Chief Executive Officer of DoubleLine, expressed his take on the recent US yield curve inversion late-Tuesday.

Key Quotes (via Reuters):

The Fed has lost control of interest rates, citing as evidence the fed funds rate trading higher than any part of the UST yield curve.

"What else do you need to call it an inversion?"

"Everyone is parsing all of these little arbitrary things. But we've got an inversion."

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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