Jeffrey Gundlach says Fed's Warsh is not going to be the 'easy money' chairman many hoped for (opens original article in a new tab)

Jeffrey Gundlach said Fed Chairman Kevin Warsh is prioritizing price stability over easy monetary policy, reducing expectations for rate cuts and supporting long-term Treasuries.

• Jeffrey Gundlach said Fed Chairman Kevin Warsh took a more hawkish tone than expected, focusing on price stability
• Warsh emphasized bringing inflation back to 2% and signaled less appetite for easy monetary policy
• Gundlach suggested Warsh's approach makes aggressive rate cuts less likely and supports long-term Treasuries