Fed Fumbles: A Quarter Point Won't Cut It in a High Inflation Era Jeff Gundlach's assertion that the Federal Reserve should have hiked rates by more on Wednesday has sparked debate among economists and investors.
His skepticism stems from concerns about the Fed's approach to fighting inflation, which may be driven by more than just numbers.
The persistently wide gap between short term interest rates and Treasury yields is one reason for Gundlach's frustration.