DoubleLine’s Gundlach says the Fed looks like Mr. Magoo, focuses too much on ‘short-termism’

DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve is missing the bigger picture again. “The Fed looks like Mr. Magoo, driving around, bumping into things. Then became systematic, got inflation to come down,” Gundlach said in an investor webcast Tuesday evening. “But for the past five months we’ve had another rising trend.