FYI:
Federal Reserve Chair Janet Yellen's speech on Friday on running a “high pressure” economy with a tight labor market to reverse some of the negative effects of the Great Recession of 2008 suggests the U.S. central bank will stay accommodative for longer, according to Jeffrey Gundlach, chief executive of DoubleLine Capital.
"I didn't hear, 'We are going to tighten in December,'" Gundlach said in a telephone interview. "I think she is concerned about the trend of economic growth. GDP is not doing what they want."
Regards,
Ted
http://www.reuters.com/article/funds-doubleline-gundlach-idUSL1N1CK1N7
