UPDATE 2-DoubleLine CEO Jeffrey Gundlach warns Fed rate cuts will not stop U.S. recession
Jeffrey Gundlach, chief executive of
DoubleLine Capital, warned on Wednesday that rate cuts by the
U.S. Federal Reserve were not going to stop a recession from
happening and that “once the Fed is in easing mode, it is
already too late.”
DoubleLine Capital, warned on Wednesday that rate cuts by the
U.S. Federal Reserve were not going to stop a recession from
happening and that “once the Fed is in easing mode, it is
already too late.”
Posted by Reuters