Jeffrey Gundlach Predicts Neel Kashkari Will Be Next Fed Chair

Jeffrey Gundlach, the money manager who predicted the presidential election of Donald Trump when few saw it coming, has a new surprise call: Neel Kashkari will be the next chairman of the Federal Reserve.

Gundlach, speaking Tuesday at a Vanity Fair summit in Los Angeles, said Kashkari, president of the Federal Reserve Bank of Minneapolis, is a strong advocate of easy money. Kashkari wrote in an essay Monday that the Fed shouldn’t raise interest rates again until inflation hits 2 percent or there’s a large drop in unemployment. Kashkari hasn’t been floated as a potential candidate for the job.