Jeffrey Gundlach on CNBC Closing Bell: Fed Day

DoubleLine CEO-CIO Jeffrey Gundlach reacts to the Federal Reserve’s decision to leave interest rates alone and reviews Fed Chair Jerome H. Powell’s post-FOMC meeting press conference with @ScottWapnerCNBC, a guest at DoubleLine’s downtown L.A. office. The two discuss what Mr. Gundlach describes as a “remarkably vague” Q&A session with Chair Powell, and they cover subjects including the possibility for one rate cut before the year is out, why Mr. Gundlach calls Chair Powell a “trigger finger” on whether the inflation rate is acceptable (3:45), how there is a greater dispersion of outcomes for those coping with inflation (6:58), why Mr. Gundlach’s game plan remains the same when it comes to investing (19:58) and political unease and the presidential election (24:42).