Gundlach criticizes Fed's short-termism
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Business & Economics
DoubleLine’s Gundlach says the Fed looks like Mr. Magoo, focuses too much on 'short-termism'
77% Informative
Jeffrey Gundlach : "The Fed looks like Mr. Magoo , driving around, bumping into things" The Fed has cut benchmark rates by a full percentage point since September .
"CPI month-over-month change has got the Fed zig-zagging," he says.
The Fed still has work to do to reach its 2% inflation target.