'Bond King' Jeffrey Gundlach Says Fed Should Have Raised Rates by 0.5% Instead of 0.25%

Known as the 'Bond King,' Jeffrey Gundlach, CEO of DoubleLine Capital, has stated that the Federal Reserve's decision to raise interest rates by only 0.25% was insufficient to curb inflation, arguing that a 0.5% increase would have been necessary. The Fed's rate hike and potential for further tightening have led to a rise in U.S. Treasury yields. On Tuesday (local time), Gundlach told CNBC that the Federal Reserve should have raised rates by 0.5% instead of 0.25%.