FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents throughout the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid
(Reuters) – Jeffrey Gundlach, chief govt of DoubleLine Capital, stated on Tuesday that the repo market squeeze makes it extra doubtless that the Federal Reserve will resume growth of its steadiness sheet “pretty soon.”
Gundlach instructed Reuters that the Federal Reserve will embark on “QE lite,” or quantitative easing, an unconventional financial coverage during which a central financial institution purchases authorities securities or different securities from the market in an effort to enhance the cash provide and encourage lending and funding.
Reporting by Jennifer Ablan; Editing by Leslie Adler