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Gundlach says Trump is 'being crazy like a Fox' to blame the Fed for the market sell-off and explains why interest rates will keep rising

Business Insider
Gundlach says Trump is 'being crazy like a Fox' to blame the Fed for the market sell-off and explains why interest rates will keep rising

Count Jeff Gundlach among the investors who are not on board with President Donald Trump's attacks on the Federal Reserve. This week, amid the longest stock-market sell-off of his presidency, Trump has described the central bank as "crazy" and "going loco" for raising interest rates. Bonds and stocks have sold off since last week Thursday as investors fear the impact of higher borrowing costs on financial conditions. "When it comes to President Trump, it's clear to me that he's being crazy like a fox with his Fed rhetoric," Gundlach, the CEO of DoubleLine Capital, said in a CNBC interview on Thursday. He added that the Fed needed to see a material decline in the economic data before it stopped