DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects the Federal Reserve to stay on hold for the remainder of Jerome Powell 's term as chair with a more balanced outlook for the economy. "I think I would bet pretty heavily that there's not another rate cut under Jay Powell," Gundlach said on CNBC's " Closing Bell ." "I think he's going out of his way to emphasize that inflation is a little elevated, but not as bad as maybe it was feared a few months ago, that the unemployment rate

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