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Jeffrey Gundlach Sees ‘Recessionary Pressure’ Building With Inflation

Jeffrey Gundlach
Jeffrey GundlachPhotographer: Alex Flynn/Bloomberg

Jeffrey Gundlach said “recessionary pressure is building” in the U.S. economy with persistent inflation spurring Federal Reserve Chairman Jerome Powell to roll back easy-money policies.

The Fed “seems pretty far behind the curve when you consider wage growth,” the billionaire money manager of the DoubleLine Total Return Bond Fund said Tuesday during a webcast. “We’re going to be more on recession watch than we have been.”