Gundlach breaks down 2020 presidential candidates
About Jeffrey Gundlach
Jeffrey Gundlach, CEO and CIO of DoubleLine Capital, has been a frequent commentator on Federal Reserve policy and private credit markets in recent months. Following the June 2026 FOMC press conference by new Fed Chair Kevin Warsh, Gundlach described the event as the start of a "new era" and noted that Warsh repeated the phrase "we will deliver price stability" more than any other. Gundlach said Warsh's decision to create five task forces rather than move rates suggested no rate action until at least the fall, and he expressed skepticism about the inflation framework task force, saying it could open the door to measurement techniques that "conveniently engineer a path to declaring price stability." In earlier appearances, Gundlach stated that the odds of a rate hike by year-end 2026 were "better than the odds of a cut" and that he saw "no chance" the Fed would cut rates in 2026. Gundlach has also been a vocal critic of the private credit market, drawing parallels to the 2007 financial crisis. He argued that a "decline or elimination of trust" is already underway, citing a fund that was marked at 100 and then overnight at 81 as an example of questionable reporting. He described the industry's claim that illiquidity is a feature as "laundered volatility" and predicted that redemption requests from interval funds would surge around the "Ides of June." Gundlach said he had a "really hard time thinking about a government bailout" for private credit, noting that "this is the richest guys in the world making money in the Wild West." On markets, he recommended a 20% position in commodities and said he would "buy gold with both hands" if it fell to $3,500, after having predicted gold would go above $4,000 by the end of 2025.