Gundlach Says Fed Won’t Preemptively Raise Rates

The Federal Reserve won’t preemptively raise interest rates to suppress inflation, said Jeffrey Gundlach, chief executive officer of DoubleLine Capital LP.

“That is just not going to happen as long as we’re in this debt morass,” Gundlach said today at a conference in National Harbor, Maryland, held by the Investment Management Consultants Association, a membership group for brokers and investment advisers.