Gundlach Says Fed Should Have Raised Rates More to Curb Inflation
Bond investor Jeff Gundlach told CNBC the Federal Reserve should have opted for a half-point rate hike rather than a quarter-point move.
Investor Jeff Gundlach said the Federal Reserve should have raised interest rates by half a percentage point instead of a quarter point, arguing the central bank needs to do more to address rising inflation, according to an interview with CNBC published Wednesday.
Gundlach, known for his views on fixed-income markets, told the network that the Fed's more modest rate increase was insufficient given current inflationary pressures.
The comments come as the Fed continues to calibrate monetary policy in response to economic data on prices and growth. CNBC did not specify additional details of Gundlach's broader market outlook in the excerpt reviewed.
Gundlach's remarks add to an ongoing debate among investors and economists over the appropriate pace and size of the Fed's policy moves as it works to balance inflation control with economic growth.
The Federal Reserve has not publicly responded to Gundlach's comments as of publication.
Sources
- Jeff Gundlach says the Fed should have hiked rates by more to fight rising inflation — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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