DoubleLine Capital CEO: Fed is more worried about employment than inflation

Jeffrey Gundlach, DoubleLine Capital CEO, joins 'Closing Bell' to discuss the Federal Reserve's decision to cut rates by 50 basis-points, the impact to treasury markets, and more.

[Farmwald]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[Vickyrose-ru]

From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family.

[jerrycoronado]

Powell, in my view, is between the proverbial dog and the fire hydrant. His first options was to stay higher for longer to slay the inflation dragon. Now, his tight monetary policy has caused what many knew all along and that is that unemployment is accelerating at a higher pace than originally forecast. In this election year he essentially fell on his sword and opted to concentrate on unemployment (votes). The sad thing is that by waiting so long to cut the employment picture will not recover any time soon and inflation will trend upwards. This economy will again be strapped with high unemployment and high inflation. Way to go Jerome.

[twhelostl]

JG is a pro and straight forward thinker. You must acknowledge, he works in securities trading. They make long term plans when allocating capital. What the Fed does impacts all business which works the same way. Then our economy drama has to navigate the outcomes of capital allocation.

[signalmanfive]

Rate cuts are for emergencies, what's the emergency?

[issenvan]

IF YIELDS DON’T FALL, HOW CAN DXY GO LOWER DURING RECESSION, WHICH IS HIS BASE CASE?!

[KitsunoIRL]

It’s not a solution, but it’s a step in the right direction at least. Keep the momentum going

[jaym]

Woohoo! My credit card interest rate will drop from 21% to 20.5%.

[NickPieti]

Keeping currency valuation steady v full employment ? - mmmm…so sorry, currency value you lose

[AnberThe]

Interviewing these kinds of people is why this country was in bad shape over the past 40 years. They literally don't understand how the economy works but are pushed as experts.

[Austin-ai]

So much fear and protection out there—- we going higher 🚀

[Lemariecooper]

While the FOMC's decisions are critical, investors should avoid reacting impulsively. A financial adviser can help create a diversified, resilient portfolio, ensuring your investments remain secure despite economic changes or shifts in Fed policy.