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Wednesday, March 11, 2015

Gundlach Sees ‘Blockhead’ Fed Repeating European Errors on Rates

(Bloomberg) -- Jeffrey Gundlach said if the Federal Reserve raises interest rates in the middle of 2015 the central bank will have to reverse course.

The billionaire co-founder of DoubleLine Capital made the comments in an investor presentation Tuesday that covered bond markets, U.S. housing, global demographics and currencies. He criticized the Fed for not learning from errors made by global counterparts, which raised interest rates and then had to cut them, and Chair Janet Yellen for spending too much time with foreign officials.

Read more...  http://www.bloomberg.com/news/articles/2015-03-10/gundlach-sees-blockhead-fed-repeating-european-errors-on-rates

Reuters: Business News

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