Billionaire ‘Bond King’ Jeff Gundlach tells the Fed it must choose between fighting inflation or rescuing banks—it can’t do both

DoubleLine CEO Jeffrey Gundlach says the Fed must choose which fire to fight. (Credit: David A. Grogan—CNBC/NBCU Photo Bank/NBCUniversal via Getty Images))

The U.S. is reaching a fork in the road and the Federal Reserve is going to have to make a fateful decision. 

That is at least the opinion of Jeffrey Gundlach. The founder, CEO and chief investment officer of DoubleLine Capital, which manages over $92 billion in assets, is one of the most closely followed whales on Wall Street.