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Fed's Warsh Is Not the 'Easy Money' Chief Wall Street Wanted โ Gundlach Weighs In
CNBCยทSaturday, 20 June 2026

Bond investor Jeffrey Gundlach said Fed Chairman Kevin Warsh will not be the accommodative, rate-cutting leader many on Wall Street had hoped for. Gundlach said Warsh's stance reduces the risk of overly loose monetary policy that could reignite inflation and push longer-term borrowing costs higher. Markets are now adjusting to a more hawkish Fed than they had priced in.
Why It Matters
Global interest rate expectations shape everything from stock prices to bond yields to currency values. A tougher Fed means higher borrowing costs across the world for longer.
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