While DoubleLine founder Jeffrey Gundlach does not believe politics was the "primary factor" behind Fed Chair Powell's shockingly fast-flop in November/December from uber-hawk to unter-dove, he warns Tucker Carlson in the following interview that The Fed's regime-change is more driven by systemic fears as debt is soaring unsustainably – and interest costs are rising exponentially (as we detailed here) with rates so high.
Gundlach comments grow more ominous about the implications of Washington's largesse:
What will really move The Fed is simple:
But, Gundlach believes "the world has fundamentally changed."
"So everything changes," the bond king laments:
And Gundlach concludes by pointing out that "we're in one of those radical transformations" now:
Watch the abbreviated interview below:
Watch the full interview at TCH here